The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - The SBE consists of ten  members, serving staggered four ‑year terms, and one student member, serving a one ‑year term. The Governor appoints all 11 members with the approval of two ‑thirds of the State Senate.
https://lao.ca.gov/Publications/Report/5165

A Review of the CalSTRS Funding Plan: Background

Feb 2, 2016 - Since the late-1990s, when CalSTRS was estimated to be fully funded, its funding situation has worsened due mainly to three factors: Beginning in the late 1990s, a series of state actions increased member benefits and reduced state and teacher contributions to CalSTRS ’ main pension fund; Large investment losses, most notably during the 2008 financial crisis and
https://lao.ca.gov/Publications/Report/3332

CalSTRS Funding: An Update

May 5, 2017 - Had less generous benefits been paid to members and had more contributions been made to the investment fund, CalSTRS would have had more assets. In order to estimate what CalSTRS ’ unfunded liabilities would have been in this theoretical situation, the calculation assumes that CalSTRS ’ investment portfolio is larger than it actually is today.
https://lao.ca.gov/Publications/Report/3662

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - The improvement in student outcomes was reported across student subgroups, however, the improvements were shown to be most significant for Black students, English learners, and socioeconomically disadvantaged students.
https://lao.ca.gov/Publications/Report/5131

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - As a condition of receiving CCDF, the state must comply with a number of requirements, such as providing some matching funding as well as spending at least 12 percent of CCDF funds on quality improvement activities.
https://lao.ca.gov/Publications/Report/5168

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - (As we discuss in the nearby box, the Legislature could consider changes to improve another key tool used to focus efforts on student attendance: the California school dashboard chronic absenteeism indicator.)
https://lao.ca.gov/Publications/Report/5100

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

Feb 2, 2016 - Had less generous benefits been paid to members and had more contributions been made to the investment fund, CalSTRS would have had more assets. The calculation tries to capture these effects. That is, the calculation reflects a fictional investment portfolio that has more assets than CalSTRS’ real world portfolio.
https://lao.ca.gov/Publications/Report/3334

The 2025-26 Budget: Department of Developmental Services

Mar 5, 2025 - Subsequently, the Secretary of California Health and Human Services (CalHHS) appointed members to the Master Plan for Developmental Services Committee. These members were assigned to one of five workgroups; each workgroup developed recommendations pursuant to a specific goal for the developmental services system.
https://lao.ca.gov/Publications/Report/5008

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

Feb 4, 2026 - Investors are borrowing large sums to buy stocks, and households are more invested in the stock market than at any time in at least 70 years. Historically, these signs have preceded stock market downturns.
https://lao.ca.gov/Publications/Report/5110

Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - Funded Ratio Improved While Total UAO Increased Slightly. The 2019-20 valuation reflects a slight improvement in the DB program ’s funded ratio, which increased from 66 percent as of June 2019 to 67 percent as of June 2020.
https://lao.ca.gov/Publications/Report/4475