The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - The 2026-27 Budget: California's Fiscal Outlook Executive Summary Not Safe to Bet Artificial Intelligence ( AI) Fueled Exuberance Is Sustainable. Both the California and U.S. economies currently face significant headwinds.
https://lao.ca.gov/Publications/Report/5091

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - That said, recent budgets have set the SFEU bet ween $3.5  billion and $4.5  billion, so the Governor ’s budget proposal to set the balance to $4.5  billion is generally in line with recent policy.
https://lao.ca.gov/Publications/Report/5101

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 15, 2017 - The administration has conducted a number of stakeholder meetings to develop the policies for when an IHSS provider will be eligible to earn and use paid sick leave. We note that actual costs associated with paid sick leave will depend on the number of providers who earn and utilize paid sick leave.
https://lao.ca.gov/Publications/Report/3712

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Establishes New In ‑Home Supportive Services Program (IHSS) Cost Sharing Agreement. The budget creates a new maintenance ‑of ‑effort (MOE) for counties ’ share of IHSS costs. The new MOE significantly increases counties ’ IHSS costs in 2017 ‑18 relative to 2016 ‑17.
https://lao.ca.gov/Publications/Report/3694/1

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - The value of the benefits earned by employees constitutes a liability to the employer. In some cases, a substantial share of the liabilities accrued to date has been prefunded through employer and/or employee contributions that have been invested over the course of employees ’ careers.
https://lao.ca.gov/Publications/Report/3925

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Employer Contributions for “Unfunded Liabilities. ” An unfunded liability means that the projected value of pension benefits earned to date exceeds the projected assets of the pension system. While the state shares normal cost with employees, unfunded liabilities generally are the state ’s responsibility.
https://lao.ca.gov/Publications/Report/4887

The 2019-20 Budget: California Spending Plan (Final Version)

Oct 17, 2019 - Teachers, administrators, and other certified employees of school districts earn pension benefits from the California State Teachers ’ Retirement System (CalSTRS). Other school district employees, such as clerical staff, also earn pension benefits administered by CalPERS.
https://lao.ca.gov/Publications/Report/4083

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan

Apr 4, 2018 - For instance, most special fund loans carry a fixed interest rate equal to the investment earnings rate of the PMIA on the day the loan was made. (In recent years, this rate has averaged 0. 5  p ercent, although it has risen in recent months.)
https://lao.ca.gov/Publications/Report/3797

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The loans will be low interest (not to exceed the rate earned by the Pooled Money Investment Account) and are not to exceed $25  million statewide annually. Loans are only available through 2019 ‑20.
https://lao.ca.gov/Publications/Report/3694/8

The 2017-18 Budget: California's Fiscal Outlook

Nov 16, 2016 - Increases to the minimum wage are expected to result in increased earnings for some families enrolled in CalWORKs. Families enrolled in CalWORKs with higher earnings receive lower cash grants and some families will have earnings that exceed eligibility thresholds and cause them to leave the program, resulting in savings.
https://lao.ca.gov/Publications/Report/3507