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

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 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 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 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 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

Federal Spending in California

Jan 18, 2017 - Financial Aid to Students largely includes financial assistance to students attending institutions of higher education in California, but also includes funding veterans enrolled in vocational training.
https://lao.ca.gov/Publications/Report/3531/3

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - When the Fed raises the funds rate, it causes financial conditions to tighten, evidenced by generally higher interest rates throughout credit markets. Higher interest rates disincentivize consumers from borrowing and —by raising the cost of capital —dissuades firms from borrowing to make new investments.
https://lao.ca.gov/Publications/Report/4653

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Fund Implementation of Special Education Reforms. In recent years, the state has commissioned several studies examining the delivery of special education to students with disabilities. Their purpose is to make recommendations for improvement in a variety of areas ranging from governance and accountability to coordination of services during important transitions.
https://lao.ca.gov/Publications/Report/4473