Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - As such, based on CalSTRS ’ actuarial valuation for the fiscal year ending June 30, 2020, the CalSTRS board exercised its authority to increase the state ’s rate for 2021-22 by the maximum allowed 0.5 percent of payroll.
https://lao.ca.gov/Publications/Report/4475

CalSTRS Funding Update

Jul 19, 2018 - State law, however, limits the annual allowable increase in the state rate to 0.5  percentage point. Accordingly, the CalSTRS board approved a 0.5  percentage point increase in the state contribution rate for 2018-19, bringing the total state rate to 9.6  percent.
https://lao.ca.gov/Publications/Report/3873

January EdBudget Tables (2016)

Jan 14, 2016 - January EdBudget Tables (2016) 18,978 4% a Reflects actuals for all stages of CalWORKs, DOF estimates for Migrant child care and Care for Children With Severe Disabilities, CDE estimates for Transitional Kindergarten, and LAO estimates for all other programs. b Reflects DSS estimates for CalWORKs Stage 1; DOF estimates for CalWORKs Stage 2 and 3, Migrant child care, and Care for Children With
https://lao.ca.gov/Publications/Report/3326

The 2026-27 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 19, 2025 - As set forth in the State Constitution, an attendance decline does not reduce the guarantee unless attendance has declined in the two previous years. c As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5 percent. d Includes adjustments to the previous year ’s maintenance factor for growth in per capita personal income and K ‑12 attendance as required by the State Constitution.
https://lao.ca.gov/Publications/Report/5093

EdBudget Tables (January 2017)

Jan 13, 2017 - Proposition 98 Key Inputs and Outcomes Under Governor ’s Budget (Dollars in Millions) Per capita personal income (Test 2) 3.8 Per capita General Fund (Test 3) b 3.7 0.0 1.5 a Outstanding maintenance factor is adjusted annually for changes in K-12 attendance and per capita personal income. b As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5 percent.
https://lao.ca.gov/Publications/Report/3529

A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - Similarly, allowing state rates to increase by more than the current 0.5 percentage point maximum could keep districts from having to pay for part of the state ’s share following bad investment years.
https://lao.ca.gov/Publications/Report/3339

The 2018-19 Budget: A Guide to Understanding Potential Changes in the Proposition 98 Guarantee

May 7, 2018 - The 2018-19 Budget: A Guide to Understanding Potential Changes in the Proposition 98 Guarantee 320 a Reflects General Fund revenue counting toward the calculation of the minimum guarantee. b Due to the two ‑year hold harmless provision in the State Constitution, the administration calculated the 2018 ‑19 guarantee as though attendance would remain flat in 2018 ‑19. c As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5 percent.  
https://lao.ca.gov/Publications/Report/3823

The 2023-24 Budget: Proposition 98 Overview and K-12 Spending Plan

Feb 7, 2023 - For planning purposes, each  0.5  percentage point reduction in the COLA rate would reduce costs for K ‑12 programs by approximately $400  million. If the Legislature were to eliminate the $1.4  billion deficit entirely through funding a lower COLA, the associated reduction in the rate would be about 1.7  percentage points (for a COLA rate of about 6.4  percent).
https://lao.ca.gov/Publications/Report/4670

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - Figure 7 Governor Still Uses Budget Solutions Despite Historic Revenue Growth Budget Solutions From 2020 Maintained in 2021 May Revision (In Billions) Reserve Withdrawals Make Budget Stabilization Account withdrawal $7.8 Make Safety Net Reserve withdrawal 0.5
https://lao.ca.gov/Publications/Report/4432

The 2017-18 Budget: Analysis of the May Revision Education Proposals

May 15, 2017 - Compared with the administration ’s estimates of property tax revenue, our estimates are $96  million (0.5  percent) higher in 2016 ‑17 and $169  million (0.8  percent) higher in 2017 ‑18. Differing assumptions about the revenue associated with the dissolution of redevelopment agencies explain most of this difference.
https://lao.ca.gov/Publications/Report/3670