The 2020-21 Budget: Proposition 2 Debt Payment Proposals

Mar 10, 2020 - In the case of CalSTRS, this report could include: ( 1) t he annual difference between CalSTRS rates under law and what those rates would be if CalSTRS had full rate setting authority; ( 2) t he annual cost, in dollar terms, of that difference; and ( 3) h ow much capacity Proposition  2 has to take on that difference.
https://lao.ca.gov/Publications/Report/4196

The 2020-21 Budget: Structuring the Budget

Feb 10, 2020 - That estimate was ultimately too high by about $ 1  b illion, with actual revenues in 2016 ‑ 17 n ow estimated to be $123. 4  b illion. (For simplicity, this example uses budget year estimates, but the same logic also applies to out ‑year revenue estimates, which are subject to even more uncertainty.)
https://lao.ca.gov/Publications/Report/4150