MOU Fiscal Analysis: Bargaining Unit 7 (Public Safety)

Sep 7, 2023 - The most recent (July) California Consumer Price Index was 3.1  percent higher compared to the prior year. Since 2020, however, prices have risen 17  percent. To the extent that the lower real average base pay in 2022 is a reflection of past GSIs not keeping pace with inflation, the tentative agreement ’s GSI in 2023 ‑24 would maintain wages, but would not catch up to prior price increases.
https://lao.ca.gov/Publications/Report/4802

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000)

Sep 7, 2023 - The most recent (July) California Consumer Price Index was 3.1  percent higher compared to the prior year. Since 2020, however, prices have risen 17  percent. GSIs provided by prior agreements to some bargaining units represented by Local 1000 did not keep pace with these increases, as noted above.
https://lao.ca.gov/Publications/Report/4799

Unit 9 (Professional Engineers) MOU Analysis

Aug 25, 2022 - Inflation has accelerated recently, with prices increasing close to 9  percent over the last year. The consensus among economic forecasts is that inflation will moderate over the next year. However, where inflation is headed over the term of the agreement is unknown.
https://lao.ca.gov/Publications/Report/4620

MOU Fiscal Analysis: Bargaining Unit 6

Jun 14, 2019 - Bureau of Labor Statistics (BLS) West Region Consumer Price Index identified that prices in the western United States in April 2019 have increased 2.9 percent compared with April 2018. The administration suggested that this rate of inflation justified the July 2020 pay increase provided by the agreement.
https://lao.ca.gov/Publications/Report/4078

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - The most recent (July) California Consumer Price Index was 3.1  percent higher compared to the prior year. Since 2020, however, prices have risen 17  percent. GSIs provided by prior agreements to Unit  6 did not keep pace with these increases, as noted above.
https://lao.ca.gov/Publications/Report/4800

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

Feb 2, 2016 - This scenario, however, would be inconsistent with the administration ’s economic and revenue forecasts, which generally have assumed continuing stock price growth. Changes Might Be Necessary to Reflect Legislative Intent.
https://lao.ca.gov/Publications/Report/3337

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The first is to establish an Office of Health Care Affordability responsible for increasing price transparency and developing cost containment strategies and targets for the health care industry. The second is to build on last year ’s efforts to control drug spending.
https://lao.ca.gov/Publications/Report/4135

Unit 8 (Firefighters) MOU Analysis

Aug 26, 2022 - None of these agreements have provided GSIs in excess of 2.5  percent in 2022-23 despite the fact that (1)  the compensation studies for some of these bargaining units have identified lags in state compensation and (2)  while the consensus among economists is that inflation will moderate over the next year, prices have increased close to 9  percent relative to last year.
https://lao.ca.gov/Publications/Report/4621

Unit 2 (Attorneys) MOU Analysis

Aug 25, 2022 - None of these agreements have provided GSIs in excess of 2.5 percent in 2022-23 despite the fact that (1) the compensation studies for some of these bargaining units have identified lags in state compensation and (2) while the consensus among economists is that inflation will moderate over the next year, prices have increased close to 9 percent relative to last year.
https://lao.ca.gov/Publications/Report/4619

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - Figure  2 compares the growth in average base salary for Units 5, 6 (Corrections), and 7 (Protective Services and Public Safety) with the growth in inflation (measured by the California Consumer Price Index [CA-CPI]) since 1999.
https://lao.ca.gov/Publications/Report/4920