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

Feb 2, 2016 - In other words, even if investments fall short of the CalSTRS ’ target in the near term, a large investment gain a few years from now could eliminate the state ’s share of the unfunded liability and reduce the state ’s funding plan supplemental payment to $0.
https://lao.ca.gov/Publications/Report/3337

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - In other words, the Governor ’s proposal likely provides a larger buffer than necessary if the state ’s goal is to avoid inadvertently exceeding the guarantee in  2025 ‑26. Proposal Worsens the Challenge Posed by Future Budget Deficits.
https://lao.ca.gov/Publications/Report/5110

A Review of the CalSTRS Funding Plan: Treatment of Teacher Contributions Also Increase District Unfunded Liabilities

Feb 2, 2016 - In other words, higher teacher contributions will only partially be used to pay down the district share of CalSTRS ’ unfunded liabilities. Implementation May Differ From Legislative Intent. As described above, administration documents characterized higher teacher contributions as paying for $8 billion of the $74 billion unfunded liability that existed when the funding plan was placed into law.
https://lao.ca.gov/Publications/Report/3335

Impact of Governor's Spending Cap Proposal on Proposition 98 [Publication Details]

Dec 2, 2003 - Presented to Senate Budget and Fiscal Review Committee and Senate Appropriations Committee on December 2, 2003.
https://lao.ca.gov/Publications/Detail/1065

A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - In other words, when CalSTRS records a large investment gain, we thought most of the gain would be used to reduce the district share of unfunded liabilities with the rest reducing the state share. Funding Plan Instead Relies on Abstract Calculation.
https://lao.ca.gov/Publications/Report/3333

A Review of the CalSTRS Funding Plan: Theoretical Investment Gains Have Shifted Unfunded Liabilities to Districts

Feb 2, 2016 - In other words, when CalSTRS records a large investment gain, we thought most of the gain would be used to reduce the district share of unfunded liabilities with the rest reducing the state share by a lesser amount.
https://lao.ca.gov/Publications/Report/3334

The Progress of English Learner Students: Update 2002-2004 [Publication Details]

Jan 26, 2006 - In 2004, we published A Look at the Progress of English Learner Students, which analyzed the 2002 results of the California English Language Development Test (CELDT). This update assesses student performance on the test in 2003 and 2004, concluding that gains made by students in 2003 and 2004 are roughly the same as 2002.
https://lao.ca.gov/Publications/Detail/1372

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - In other words, we are not describing the budget condition as having a surplus or a deficit at this time. These concepts are inherently tools of communication, not accounting, and are ultimately somewhat subjective.
https://lao.ca.gov/Publications/Report/4951

CalSTRS Funding: An Update

May 5, 2017 - This is in part because the investment return assumption is used to “discount ” the estimate of future benefit payments (liabilities) —in other words, to produce an estimate of the present value of future liabilities.
https://lao.ca.gov/Publications/Report/3662

Volatility of the Personal Income Tax Base

Feb 8, 2017 - In other words, in the year the withdrawals happen, this income is counted in the PIT base, but not in BEA personal income. Summary. Figure  3 summarizes what is counted in BEA personal income versus the categories of income in California ’s PIT base, using our office ’s most recent estimates for 2016.
https://lao.ca.gov/Publications/Report/3548