The 2021-22 Spending Plan: Proposition 98 and K-12 Education

Oct 25, 2021 - These new requirements do not apply to students who are enrolled in ind ependent study for less than 15 school days during the academic year. Provides Flexibility From Some Independent Study Rules in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4466

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - The administration ind icates it plans to modify this part of the proposal in the May Revision and may allow funds to be used for a broader set of activities related to community  schools. Effects of Community Schools Model Research Finds Benefits to Community Schools Model.
https://lao.ca.gov/Publications/Report/5131

A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - (The calculation also excludes the effects of pension change legislation passed in 2012 known as “PEPRA. ”) If the state had made these different decisions in the past, the calculation shows that CalSTRS ’ unfunded liability would be smaller today.
https://lao.ca.gov/Publications/Report/3333

CalSTRS Funding: An Update

May 5, 2017 - In order to estimate what CalSTRS ’ unfunded liabilities would have been in this theoretical situation, the calculation assumes that CalSTRS ’ investment portfolio is larger than it actually is today.
https://lao.ca.gov/Publications/Report/3662

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - The state, however, was far less involved in the public school system than it is today. For example, elementary education did not become compulsory until 1874, and the state did not begin funding high schools until 1904.
https://lao.ca.gov/Publications/Report/5165

Update on School District Retiree Health Benefits

Sep 25, 2017 - More specifically, it is the amount of money that, if set aside and invested today, would be sufficient to cover the future cost of retiree health benefits already earned by current and former employees.
https://lao.ca.gov/Publications/Report/3704

A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - The policy employs an abstract calculation that estimates what CalSTRS ’ unfunded liabilities would be today had the state ’s elected leaders made different decisions about teacher pensions in the past.
https://lao.ca.gov/Publications/Report/3339

A Review of the CalSTRS Funding Plan: Theoretical Investment Gains Have Shifted Unfunded Liabilities to Districts

Feb 2, 2016 - As described in our second post , the state’s share of CalSTRS’ unfunded liabilities is based on an estimate of what CalSTRS’ funding shortfall would be today if the state made different decisions about teacher pensions in the past.
https://lao.ca.gov/Publications/Report/3334

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - The underlying budget dynamics today are particularly challenging for three reasons. First, revenues have not caught up with expenditures. Second, under our estimates, expenditure growth exceeds estimated revenue growth.
https://lao.ca.gov/Publications/Report/4951

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - (That is, in our view, these costs would not have occurred absent legislative action and as a result do not contribute to the budget problem the Legislature faces today.) Comparison to LAO November Outlook.
https://lao.ca.gov/Publications/Report/4662