The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - CalSTRS is the world ’s largest educator ‑only pension system, administering the $315  billion Teachers ’ Retirement Fund for more than 1  million members and beneficiaries (as of June 2023). CalSTRS ’ 12 ‑member Teachers ’ Retirement Board (CalSTRS Board) administers the fund and is constitutionally responsible for overseeing the system ’s
https://lao.ca.gov/Publications/Report/4887

The 2015-16 Budget: California Spending Plan

Oct 19, 2015 - With input from other regional groups (such as local workforce investment boards and libraries), the consortia developed joint plans to coordinate and deliver adult education in their regions. Each plan included (1) a needs assessment, (2) plans for coordinating and integrating existing adult education programs, and (3) strategies for improving student success.
https://lao.ca.gov/Publications/Report/3302

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - These firms have invested heavily in building out data centers and on extraordinary pay packages for their key employees. This spending, along with gains to investors, has turbo-charged state income tax receipts.
https://lao.ca.gov/Publications/Report/5104

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Other forms of pay, such as bonuses to workers in the financial sector, also tend to rise when financial markets are doing well. Early evidence suggests this has been the case in 2024 as well. Without Broader Economic Improvements, Recent Gains Are on Shaky Ground.
https://lao.ca.gov/Publications/Report/4939

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - The Legislature and union members ratified new memoranda of understanding (MOUs) between the state and 14 state bargaining units. These bargaining units include the nine units represented by Services Employees International Union, Local 1000 (Units 1 [Administrative Financial, and Staff Services], 3 [Professional Educators and Librarians], 4
https://lao.ca.gov/Publications/Report/4814

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Financial aid programs administered by the California Student Aid Commission (CSAC) increase $111  million (6  percent). Below, we provide detail on these four areas of the higher education budget. We also describe three crosscutting higher education actions and summarize spending changes for the California State Library.
https://lao.ca.gov/Publications/Report/3487/5

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - In addition to these general purpose augmentations, the budget includes various other targeted Proposition  98 ‑funded initiatives, including ones designed to improve student outcomes, increase student financial aid, and address maintenance backlogs.
https://lao.ca.gov/Publications/Report/3694/1

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - Our recent revenue post suggests an improvement in revenues of around $5 billion relative to the Governor’s budget estimates. Under the state’s constitutional budget formulas, a revenue increase of this magnitude would translate, very roughly, into a $2.5 billion improvement in the budget bottom line.
https://lao.ca.gov/Publications/Report/5133

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - Because Opportunity Zone investments can be made anywhere in the country, California ’s Opportunity Zones are competing with zones in other states for investment. Arguably, creating a state Opportunity Zone benefit could help draw investment to California from other states by making California Opportunity Zone investment more financially attractive to investors.
https://lao.ca.gov/Publications/Report/4038

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - As shown in Figure  1 , many signs of an overly exuberant stock market are present today: measures of whether stocks are “expensive ” are at historically high levels, investors are borrowing more to buy stocks, and households are more invested in the stock market than they have been in at least 70  years.
https://lao.ca.gov/Publications/Report/5091