The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement. Proposition  2 created new rules regarding: (1)  deposits into the state ’s rainy ‑day fund and (2)  accelerating payments toward certain eligible debts.
https://lao.ca.gov/Publications/Report/4887

Unit 2 (Attorneys) MOU Analysis

Aug 25, 2022 - The agreement would provide all Unit 2 members a pay increase of 2.5  percent effective July 1, 2022 and 3  percent effective July 1, 2023. 2023-24 and 2024-25 Top Step Increases for Specified Classifications.
https://lao.ca.gov/Publications/Report/4619

Unit 2 (Attorneys) MOU Analysis [Publication Details]

Aug 25, 2022 - Unit 2 (Attorneys) MOU Analysis [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4619

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - There are three types of outstanding debts eligible for payments under Proposition  2. They are: (1) certain budgetary liabilities (including the amounts the state ’s General Fund owes special funds, as described above), (2) certain payments of statewide pension system liabilities, and (3) prefunding for state retiree health benefits.
https://lao.ca.gov/Publications/Report/3673

A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - Because theoretical assets that determine the state’s share of the unfunded liability fluctuate more than real world assets and because the state’s share of the unfunded liability ($15 billion) is much smaller than the district share ($58 billion), the state share will be relatively sensitive to changes in assets.
https://lao.ca.gov/Publications/Report/3336

MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Sep 1, 2023 - Due to one-time costs associated with provisions of the agreement, 2025 ‑26 would be the highest cost year resulting from the agreement, increasing costs in that year by $152  million ($58  million from the General Fund).
https://lao.ca.gov/Publications/Report/4798

A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - Meanwhile, that calculation, coupled with CalSTRS ’ treatment of the higher teacher contributions required by the funding law, have increased the school and community college district share from $47 billion to $58 billion.
https://lao.ca.gov/Publications/Report/3339

MOU Fiscal Analysis: Bargaining Units 10 (Professional Scientists) and 18 (Psychiatric Technician)

Sep 9, 2025 - The 2024 MOU included pay increases in 2025-26 of (1)  between 4  percent and 5  percent for employees at the top step of their classification ’s salary range and (2)  3  percent for employees not at the top step of their classification ’s salary range.
https://lao.ca.gov/Publications/Report/5073

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - Specifically, employees who have served as a CHP officer for 18 years receive 2  percent of base salary, 19 years receive 3  percent of base salary, 20 years receive 4  percent of base salary, 21 years receive 5  percent of base salary, 22 years receive 6  percent of base salary, and 25 or more years receive 8  percent of base salary.
https://lao.ca.gov/Publications/Report/4920

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - Under the agreement, PLP 2025 would (1)  reduce employee pay by 3  percent (effectively holding employee take-home pay flat after accounting for the GSI) and (2)  provide employees five hours of PLP 2025 leave each month.
https://lao.ca.gov/Publications/Report/5061