MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - An unfunded liability exists when the projected value of pension benefits earned to date exceeds the projected assets of the pension system. While the state shares normal cost with employees, unfunded liabilities generally are the state ’s responsibility.
https://lao.ca.gov/Publications/Report/4920

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - Funds would be allocated to specific projects through a competitive process. Projects eligible for funding include port‑specific projects, intermodal railyard expansion and electrification, goods movement railway corridor capacity projects, grade separations, and zero‑emission goods movement demonstration projects.
https://lao.ca.gov/Publications/Report/4540

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

May 16, 2017 - For much of the late 1990s and 2000s, the yield averaged around 6  percent, although it fell after the dot-com bust and ensuing recession in the early 2000s. After the rate fell in 2008, it has remained near zero as inflation and U.S.
https://lao.ca.gov/Publications/Report/3673

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - The Legislature also knows that other relevant changes, such as the transition of seasonal firefighter positions to permanent ones, will increase General Fund costs in future fiscal years with projected multibillion-dollar deficits.
https://lao.ca.gov/Publications/Report/5066

The 2019-20 Budget: California Spending Plan—Other Provisions

Oct 17, 2019 - Aligning the State ’s IT Project Approval Process With Its Annual Budget Process State ’s IT Project Approval Process Does Not Always Align With Budget Cycle. To improve the planning quality of IT project proposals, CDT fully implemented a new project approval process —the Project Approval Lifecycle (PAL) —in 2016.
https://lao.ca.gov/Publications/Report/4101

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - Projections at the time indicated that the benefit would be fully funded by 2046. Under the plan, the assets of the trust fund cannot be used to pay for the benefit until 2046 or whenever the benefit is fully funded, whichever comes first.
https://lao.ca.gov/Publications/Report/5061

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - Projections at the time indicated that the benefit would be fully funded by 2046. Under the plan, the assets of the trust fund cannot be used to pay for the benefit until 2046 or whenever the benefit is fully funded, whichever comes first.
https://lao.ca.gov/Publications/Report/5058

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - Both our office and the administration project that the state faces a manageable budget problem this year. The Governor addresses the budget problem primarily with spending ‑related solutions, as shown in the figure below.
https://lao.ca.gov/Publications/Report/4662

A Review of the CalSTRS Funding Plan: Funding Plan May Not Meet Principle of “Shared Responsibility”

Feb 2, 2016 - Projected State Costs Much Lower Than in May 2014. Figure 1 compares CalSTRS ’ May 2014 projections of the state ’s funding plan contribution with CalSTRS ’ most recent projections. (We have updated the May 2014 projections to reflect the most recent teacher payroll data.)
https://lao.ca.gov/Publications/Report/3337

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Employer Contributions for “Unfunded Liabilities. ” An unfunded liability means that the projected value of pension benefits earned to date exceeds the projected assets of the pension system. While the state shares normal cost with employees, unfunded liabilities generally are the state ’s responsibility.
https://lao.ca.gov/Publications/Report/4887