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

Feb 2, 2016 - That is, the calculation reflects a fictional investment portfolio that has more assets than CalSTRS’ real world portfolio. This is important because when CalSTRS records investment gains in the real world, the calculation gives the state the benefit of additional, theoretical gains off the fictional portion of the investment portfolio.
https://lao.ca.gov/Publications/Report/3334

A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - In our third post , we showed how the funding plan’s key calculation gives the state the benefit of theoretical investment gains that do not exist in the real world. For example, if CalSTRS’ real world portfolio grows by $10 billion, the calculation gives the state the benefit of a roughly $12 billion gain.
https://lao.ca.gov/Publications/Report/3336

CalSTRS Funding: An Update

May 5, 2017 - For example, if CalSTRS ’ real world portfolio grows by $10  billion, the calculation gives the state the benefit of a roughly $11  billion gain. Of course, the opposite is true as well. When CalSTRS records an investment loss —as they did in 2015 ‑ 16 —the loss to the theoretical investment portfolio is larger than the real world loss, making the state share of
https://lao.ca.gov/Publications/Report/3662

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 - In general, the state will pay for these smaller theoretical unfunded liabilities —as determined by the calculation —while districts will pay the difference between total real world unfunded liabilities and the state ’s share.
https://lao.ca.gov/Publications/Report/3333

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

Feb 2, 2016 - As we described in our third post , the abstract calculation central to the funding plan implementation gives the state the benefit of theoretical investment gains that do not exist in the real world.
https://lao.ca.gov/Publications/Report/3337

The 2023-24 California Spending Plan: Proposition 98 and K-12 Education

Nov 28, 2023 - Funds can be used for a variety of activities, such as expanding access to career technical education, elective, world language, and A-G courses; college/career or transition counseling; mental health support services; and providing postse condary options for incarcerated youth who have a high school diploma or high school equivalency certificate.
https://lao.ca.gov/Publications/Report/4818

A Historical Review of Proposition 98

Jan 18, 2017 - Formulas Tend to React Poorly to Changes in Real World Dynamics. In 1990 —only two years after voters approved Proposition   98 —the state entered a recession and found the two original Proposition  98 formulas difficult to implement.
https://lao.ca.gov/Publications/Report/3526

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - For example, work and economic activity will be disrupted by flooding of ports, docks, surrounding roadways, or adjacent railways through which goods are distributed —affecting deliveries of imports across the state, as well as exports such as Central Valley agricultural products that are shipped throughout the world.
https://lao.ca.gov/Publications/Report/4575