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

The 2017-18 Budget: Funding Public Works Labor Enforcement

Mar 3, 2017 - This action would free up $2.2  million in the SPWEF on an ongoing basis and would largely address the funding imbalance going forward, even if contractor registration fee revenues remain flat in future years.
https://lao.ca.gov/Publications/Report/3603

The 2024-25 Budget: State Employee Compensation

Mar 21, 2024 - When a position is vacant or filled by an employee at a pay level lower than the department ’s budget assumes, the department captures “salary savings. ” Salary savings means that the appropriation for salaries is higher than needed, thus freeing up funds to be used elsewhere in a department ’s budget —for example, to pay for over time, salary costs above the mid-step, or rising rent.
https://lao.ca.gov/Publications/Report/4888

The 2017-18 Budget: Public Employment Relations Board (PERB)

Feb 17, 2017 - We estimate that the three vacant positions associated with these board vacancies —the two board members and a shared support staff position —free up at least $500,000 (about 5 percent of the department ’s budget) for PERB to spend on other staff and operating expenses.
https://lao.ca.gov/Publications/Report/3566

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - While achieving the DOL ’s reserve target is one requirement for states to obtain short-term (up to nine months) interest-free federal UI loans, we note that states that meet this target are much less likely to require federal loans in any event, decreasing the significance of this benefit.
https://lao.ca.gov/Publications/Report/3503/3

The 2016-17 Budget: Public Employment Relations Board (PERB)

Mar 1, 2016 - In addition to positions held vacant for purposes of freeing up funds, departments typically have vacancies resulting from natural turnover among staff. (The budget used to assume that 5 percent of a department ’s authorized positions would be vacant at any one time due to natural turnover.
https://lao.ca.gov/Publications/report/3377

The 2018-19 Budget: Statewide Prison to Employment Initiative

Mar 12, 2018 - The main logic of the proposal makes sense: (1)  link in-prison CTE, post-release reentry services, and AJCC job training in order to (2)  provide ex-offenders better and expanded services, which (3)  improve employment outcomes and, as a result, (4)  helps ex-offenders remain crime-free.
https://lao.ca.gov/Publications/Report/3781

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Specifically, the funds would reduce districts ’ CalSTRS rates in 2019 ‑20 and 2020 ‑ 21 —freeing up resources for other parts of districts ’ operating budgets. Though district pension costs typically are covered using Proposition  98 General Fund, the Governor proposes using non ‑Proposition  98 General Fund for this proposal.
https://lao.ca.gov/Publications/Report/3916

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

May 30, 2018 - Unlike salary-related costs, these costs could be paid using Proposition 2 funds—freeing up General Fund resources for other programs. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/3847