A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - As we understood the plan, districts and the state would share in investment gains and losses roug hly in proportion to the amounts they owe. In other words, when CalSTRS records a large investment gain, we thought most of the gain would be used to reduce the district share of unfunded liabilities with the rest reducing the state share.
https://lao.ca.gov/Publications/Report/3333

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - For much of the late 1990s and 2000s, the yield averaged around 6  percent, although it fell after the dot-com bust and ensuing recession in the early 2000s. After the rate fell in 2008, it has remained near zero as inflation and U.S.
https://lao.ca.gov/Publications/Report/3673

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - Issues for Legislative Consideration The Legislature may want to modify the Governor ’s proposal so that it best address its priorities. Some factors that merit legislative consideration include: Role of the State.
https://lao.ca.gov/Publications/Report/4540

The 2021-22 Budget: Creating a New Department of Better Jobs and Higher Wages

Feb 10, 2021 - When the Department of Better Jobs and Higher Wages was proposed along with several other departmental reorganizations last year, our office developed a broad framework for considering proposals based on best practices identified from other governmental agencies.
https://lao.ca.gov/Publications/Report/4361

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - The Governor ’s budget includes an increase of $ 540   m illion ongoing General Fund for the universities —$ 300   m illion (7. 6   p ercent) for CSU and $ 240   m illion (6. 9   p ercent) for UC. Whereas the previous Governor favored giving the universities unrestricted increases and allowing them to determine funding priorities, the new administration takes a different approach by itemizing proposed funding increases.
https://lao.ca.gov/Publications/Report/3916

The 2022-23 Budget: Analysis of the Care Economy Workforce Development Package

Mar 10, 2022 - The package also includes additional funding to HCAI to research health care workforce shortages and best practices for developing a diverse workforce. Assessment Proposed Package Largely Conceptual, With Key Details Not Yet Developed.
https://lao.ca.gov/Publications/Report/4572

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - CAAP is a panel of appointed actuaries tasked under state law to provide public agencies impartial and independent information on retirement benefits and actuarial best practices. In a March 11, 2024 letter in response to a request from the Legislative Committee of the State Association of County Retirement Systems, the actuarial panel provided insights into the cost considerations for DROPs.
https://lao.ca.gov/Publications/Report/5066

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - Specifically, the uniform allowance would increase from $540 to $1,650 and the boot allowance would increase from $290 to $480. The administration informs us that these allowances are based on the average cost cited by vendors for uniforms and boots; however, the administration does not yet know the actual cost of these items as a vendor has not been selected.
https://lao.ca.gov/Publications/Report/3534

MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Jun 27, 2025 - Maintaining regular and full payments to prefund the benefit is the best option to meet the policy goal of fully funding the benefit. Budget Three-Party Budget Deal Assumes Savings from State Employee Compensation.
https://lao.ca.gov/Publications/Report/5060

COVID-19: Unemployment Insurance for Workers Impacted by COVID-19

Mar 23, 2020 - Half was available within 60 days to states following certain best practices in administering UI benefits. The remaining funds were made available to states with increased UI claims. Specifically, funds were made available once quarterly UI claims exceeded the number of claims in the same quarter of the previous year by 10  percent or more.
https://lao.ca.gov/Publications/Report/4208