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

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 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 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 - 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: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Chapter  33 specifies that these supplemental payments be apportioned based on a pension plan ’s share of the state ’s General Fund contribution to CalPERS. Accordingly, the money would be apportioned so that 55  percent went to the Peace Officer/Firefighter pension benefit, 34  percent to the Miscellaneous pension benefit, 7  percent to the Safety pension benefit, and 3  percent to the Industrial pension benefit.
https://lao.ca.gov/Publications/Report/4106

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - One path is falling interest rates and expansion of money available for lending and investment. A key driver of California ’s economic slump over the last two years has been the Federal Reserve ’s efforts to tamp down inflation by raising interest rates and shrinking how much money is available for lending and investment.
https://lao.ca.gov/Publications/Report/4939

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 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

Federal Spending in California

Jan 18, 2017 - This total includes roughly $3 billion in funds for the Children ’s Health Insurance Program (CHIP), which provides healthcare coverage to children in families who earn too much money to qualify for Medi-Cal.
https://lao.ca.gov/Publications/Report/3531/4