New Higher Education Reporting Requirements [EdBudget]

Aug 7, 2024 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Education/EdBudget/Details/866

LAO 2004 Budget Analysis: Transportation Overview

As discussed below, the Governor proposes to fund over $900  million of this amount through the issuance of a pension obligation bond. General Fund Costs for Retirement Programs a (In Millions)
https://lao.ca.gov/analysis_2004/general_govt/gen_01_ov_anl04.htm

California Community Colleges Proposition 98 Spending by Program [EdBudget]

Aug 16, 2024 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Education/EdBudget/Details/871

^[PDF] Funding CalSTRS

Anything less would continue the practice of shifting the costs of teacher pensions from one generation to the next. ; Plan Should Aim for Full Funding in About 30 Years. In our view, the plan should aim to fully eliminate the unfunded liability in about 30 years.
https://lao.ca.gov/handouts/state_admin/2014/Funding-Calstrs-02-19-14.pdf

An Extraordinary Moment in California's Fiscal History

Apr 11, 2019 - Specifically, we suggest that instead of using money today to repay low-interest budgetary debts (loans to the General Fund from special funds), the Legislature could achieve a higher return on its investment by making larger supplemental contributions toward its unfunded pension liabilities, which accrue at higher interest rates.
https://lao.ca.gov/Publications/Report/4003

LAO 2013-14 Budget: Analysis of the Higher Education Budget

Given this, the state needs to assess UC ’s retirement costs and benefits to ensure they are reasonable. For example, at the moment, UC employees contribute less to their pension plan than most state workers.
https://lao.ca.gov/analysis/2013/highered/higher-education-021213.aspx

California's Tax System: A Primer, Chapter 5

Special provisions apply to (1) title insurers and ocean marine insurers, which must use a different base, and (2) certain pension and profit-sharing insurance contracts and specia lized insurers, which are taxed at different rates.
https://lao.ca.gov/2001/tax_primer/0101_taxprimer_chapter5.html

LAO Publications

In particular, the budget package includes a plan to fully fund the teachers’ pension system within about 30 years. Format: The 2013-14 Budget: California Spending Plan November 4, 2013 - The LAO’s annual California Spending Plan publication details the 2013-14 budget package, including legislative and gubernatorial actions through October 2013.
https://lao.ca.gov/Publications?publicationType=15

Overview of the 2003-04 May Revision

The use of pension obligation bond proceeds in place of General Fund payments to employee pension funds.   Summary of May Revision Spending Proposal By Major Program—General Fund (Dollars in Millions) Health and Social Services Programs   -9.8%   Absent these factors, spending on total programs is basically flat between the current and budget years.
https://lao.ca.gov/2003/may_revision/051903_mayrevision.html

^[PDF] The 2020-21 Budget: Higher Education Analysis

Augmenting apportionments can help community colleges cover employee salary increases, health care premiums, and pension costs . We estimate that districts’ pension costs alone are likely to increase by about $120 million in 2020-21 .
https://lao.ca.gov/reports/2020/4168/higher-ed-analysis-022020.pdf