The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Accordingly, the state annually makes supplemental pension payments from the General Fund towards the state ’s pension unfunded liabilities. Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement.
https://lao.ca.gov/Publications/Report/4887

The 2026-27 Budget: Overview of the Spending Plan

Aug 26, 2026 - Beyond these base increases, UC receives $61  million to complete implementation of the nonresident enrollment replacement plan and CSU receives $91  million for health care and certain pension cost increases.
https://lao.ca.gov/Publications/Report/5197

From Pandemic to AI Boom: The State Budget Since 2020 [Publication Details]

Nov 5, 2026 - From Pandemic to AI Boom: The State Budget Since 2020 [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5211

From Pandemic to AI Boom: The State Budget Since 2020

Nov 5, 2026 - By 2021, it was not only clear that no drop in the state ’s finances had occurred, but that state revenue was in fact surging. Between September 2020 and September 2021, state tax collections grew at an annual rate of 30 percent—the fastest in at least four decades.
https://lao.ca.gov/Publications/Report/5211

The 2026-27 Budget: Overview of the Spending Plan

Aug 26, 2026 - Because the state pays for the MCS program in arrears, the $268 million in associated savings will not be realized until 2027 ‑28. CDCR = California Department of Corrections and Rehabilitation; FTB = Franchise Tax Board; UIS = unsatisfactory immigration status; Preschool = State Preschool; CDCR = California Department of Corrections and Rehabilitation; DOJ = Department of Justice; and IHSS = In ‑Home Supportive Services.
https://lao.ca.gov/Publications/Report/5197/2

The 2026-27 Budget: Overview of the Spending Plan [Publication Details]

Aug 26, 2026 - Each year, our office publishes the California Spending Plan to summarize the annual state budget. In this publication we provide an overview of the 2026‑27 budget package, give a brief description of how the budget process unfolded, and then highlight the major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Detail/5197

The 2026-27 Budget: Overview of the Spending Plan

Aug 26, 2026 - Each year, our office publishes the California Spending Plan to summarize the annual state budget. In this publication we provide an overview of the 2026‑27 budget package, give a brief description of how the budget process unfolded, and then highlight the major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Report/5197/1

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - For example, major categories of cost shifts in the Governor’s budget include proposals to: defer one month of state employee payroll from June to July, which results in $1.6 billion in one‑time savings; redirect a $1.3 billion supplemental pension payment made under the requirements of Proposition 2 for actuarially required contributions to the California Public Employee Retirement System, and $1.2 billion in special fund loans.
https://lao.ca.gov/Publications/Report/4825

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - (We treat funding increases for core operations, including pensions and other employee benefits, as maintaining current service levels rather than discretionary spending.) Additional Funding Increases for Undergraduate Enrollment Growth.  
https://lao.ca.gov/Publications/Report/4616

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Pensions. Between the two pension systems, the state ’s pension unfunded liabilities are estimated to total $93.1  billion ($59.7  billion at CalPERS for state employee pensions and $33.4  billion at CalSTRS for teachers ’ pensions).
https://lao.ca.gov/Publications/Report/4106