The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - Then, any additional state funding could be better targeted to fill any funding gaps, provide any necessary state matching funds to maximize federal funds, and ensure funding is distributed across projects of different types at all ports statewide in a manner consistent with the Legislature’s priorities.
https://lao.ca.gov/Publications/Report/4540

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 12, 13, 14, 15, 17, 18, 19, 20, and 21

Jan 10, 2017 - It is difficult to predict with any level of certainty the timing, duration, or severity of the next economic downturn. However, it is reasonable to suggest that the next downturn could occur within the next few years.
https://lao.ca.gov/Publications/Report/3520

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians)

Mar 14, 2017 - These proposed pay and benefit increases —along with the state contributions to match employee payments to a retiree health funding account —would be a significant new budgetary commitment for the state with both near- and long-term effects on state obligations.
https://lao.ca.gov/Publications/Report/3617

Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - CalPERS staff expect investment returns over the next ten years to be lower than past average returns and lower than current assumptions. At its December 2016 meeting, the CalPERS board voted to reduce its assumed rate of return over the next few years to reflect these lower expected returns.
https://lao.ca.gov/Publications/Report/3616

MOU Fiscal Analysis: Bargaining Unit 2 (Attorneys and Hearing Officers)

Aug 29, 2016 - These proposed pay and benefit increases—along with the state contributions to match employee payments to a retiree health funding account—constitute a significant new budgetary commitment for the state with both near- and long-term effects on state obligations.
https://lao.ca.gov/Publications/Report/3495

The 2022-23 Budget: Assessing Proposals to Address Unemployment Insurance Fraud

Feb 15, 2022 - The state hired ID.me to confirm workers ’ identities using so ‑called “one ‑to ‑one ” face matching; that is, when a computer algorithm matches the photo or video submitted by the worker to the worker ’s identification card.
https://lao.ca.gov/Publications/Report/4542

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - These proposed pay and benefit increases —along with the state contributions to match employee payments to a retiree health funding account —would be a significant new budgetary commitment for the state with both near-and long-term effects on state obligations.
https://lao.ca.gov/Publications/Report/3534

A Review of the CalSTRS Funding Plan: Funding Plan May Not Meet Principle of “Shared Responsibility”

Feb 2, 2016 - Over the near term—perhaps the next decade or so—annual state contributions to CalSTRS will be hundreds of millions of dollars higher than the “current projections” shown in Figure 1 and Figure 2 below.
https://lao.ca.gov/Publications/Report/3337

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Apr 4, 2016 - These proposed pay and benefit increases —along with state contributions to match employee payments to a retiree health funding account —would be a significant new budgetary commitment for the state General Fund.
https://lao.ca.gov/Publications/Report/3409

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - In the short term, initiating a retiree health prefunding arrangement increased state costs; however, over the next several decades, this policy should result in significant savings to the state as the prefunding contributions are invested and compound interest that can be used to offset future state payments towards retiree health premiums.
https://lao.ca.gov/Publications/Report/5047