The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - The reason for the reduction is the recent voter approval of Proposition  35 (2024), which requires the state to spend less MCO tax money on offsetting General Fund spending and more money on provider rate increases.
https://lao.ca.gov/Publications/Report/4951

The 2017-18 Budget: Initial Comments on the Governor’s May Revision

May 13, 2017 - The Governor ’s proposes borrowing $6 billion from the state investment pool —an account that invests money from the state and local governments —and use this money to pay down a small portion of state pension liabilities.
https://lao.ca.gov/Publications/Report/3669

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - Major Spending Choices Figure  2 displays the major budgetary decisions that the Governor made in allocating state and federal money, totaling $85  billion. It includes (1)  the General Fund surplus, (2)  school and community college spending, (3)  the American Rescue Plan (ARP) fiscal relief funds, and (4)  ARP capital projects funds.
https://lao.ca.gov/Publications/Report/4432

CalSTRS Funding Update

Jul 19, 2018 - By the latter years of the Great Recessi on, this unfunded liability had grown significantly and CalSTRS was estimating that it would run out of money by the mid-2040s —a short time horizon for a pension system.
https://lao.ca.gov/Publications/Report/3873

State Budget Effects of Recent Federal Actions to Address COVID-19

Apr 5, 2020 - First, the federal government provided about $120 million in additional UI administration money to California. Second, the legislation provides federal funding to cover the full cost of the expanded benefits and eligibility provided by FFCRA.
https://lao.ca.gov/Publications/Report/4217

Update on School District Retiree Health Benefits

Sep 25, 2017 - More specifically, it is the amount of money that, if set aside and invested today, would be sufficient to cover the future cost of retiree health benefits already earned by current and former employees.
https://lao.ca.gov/Publications/Report/3704

Update on State and School District Reserves

Apr 5, 2020 - Districts also save money for large, anticipated costs like replacing computers or unexpected costs like repairing a damaged roof. When districts are holding reserves to pay for specific future projects or activities, they usually earmark that portion of their reserves within their local budgets.
https://lao.ca.gov/Publications/Report/4216

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - The Legislature can respond to excess revenues by (1)  lowering tax revenues, (2) splitting the excess between taxpayer rebates and one ‑time payments to school and community college districts, or (3) appropriating more money for purposes excluded from the limit.
https://lao.ca.gov/Publications/Report/4473

The 2022-23 Budget: Educator Workforce Proposals

Feb 23, 2022 - Furthermore, given the significant time and/or money prospective teachers would spend to pursue a teaching credential, waiving these fees are unlikely to make a difference in whether individuals decide to become teachers.
https://lao.ca.gov/Publications/Report/4556

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

Jan 13, 2020 - The new Climate Catalyst Revolving Loan Fund would lend money to private sector organizations for projects determined to advance the state ’s environmental goals, along with other priorities —such as creating high ‑quality jobs.
https://lao.ca.gov/Publications/Report/4135