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

MOU Fiscal Analysis: Bargaining Unit 7 (Public Safety)

Sep 7, 2023 - Since 2007 , we have recommended that the Legislature not ratify labor agreements with durations longer than two years in order to maintain legislative flexibility and authority to respond to changing economic situations.
https://lao.ca.gov/Publications/Report/4802

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000) [Publication Details]

Jul 6, 2006 - In 2007-08, we estimate that costs would increase to $5.7 billion, or more than 3 percent above 2006-07. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/1498

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - As we discussed in the 2007-08 Budget: Perspectives and Issues , the 2001 MOU for Unit 6 briefly tied Unit 6 salaries to Unit 5 salaries between 2001 and 2006—this parity can be seen in the figure as Unit 6 average base pay growth very closely followed growth in Unit 5 average base pay during that period.
https://lao.ca.gov/Publications/Report/4920

MOU Fiscal Analysis: Bargaining Unit 5 (California Highway Patrol) [Publication Details]

Aug 18, 2006 - We estimate, however, that the annual fiscal impact after 2006-07 will be substantially more than shown in administration estimates because its projections assume (1) relatively low growth in the statutory pay formula for CHP officers, (2) no increases in state health premium costs after 2007-08, and (3) no change in required employer retirement contribution rates.
https://lao.ca.gov/Publications/Detail/1510

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 26, 2019 - This provision is not consistent with our 2007 recommendation that the Legislature end the practice of automatic pay raise formulas. The administration assumes that highway patrol officers’ salaries will increase 3.9 percent in 2020‑21, 4.3 percent in 2021‑22, and 5.3 percent in 2022‑23.
https://lao.ca.gov/Publications/Report/4089

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000)

Sep 7, 2023 - Since 2007 , we have recommended that the Legislature not ratify labor agreements with durations longer than two years in order to maintain legislative flexibility and authority to respond to changing economic situations.
https://lao.ca.gov/Publications/Report/4799

MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Sep 1, 2023 - Since 2007 , we have recommended that the Legislature not ratify labor agreements with durations longer than two years in order to maintain legislative flexibility and authority to respond to changing economic situations.
https://lao.ca.gov/Publications/Report/4798

MOU Fiscal Analysis: Bargaining Unit 13 (Stationary Engineers)

Aug 26, 2019 - This length is not consistent with our 2007 recommendation that the Legislature only approve tentative agreements that have a term of no more than two years. Salary and Pay Increases Salary for Employees at Top Step.
https://lao.ca.gov/Publications/Report/4090

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Sep 4, 2015 - We have long recommended retiree health prefunding (see our analyses from 2015 , 2014 , 2011 , 2007 , and 2006 on this issue). The Governor and PECG deserve credit for acknowledging the importance of this issue and demonstrating a willingness to set money aside to prefund these benefits.
https://lao.ca.gov/Publications/Report/3296