Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - Provisions of Proposition  2 Key Provisions of Proposition  2. Proposition  2 requires the state to make: (1) minimum annual payments toward certain eligible debts (until 2029 ‑30) and (2) deposits into the state ’s rainy day fund.
https://lao.ca.gov/Publications/Report/3727

The 2025-26 California Spending Plan: Proposition 98 and K-12 Education

Nov 10, 2025 - The budget provides CDE with an additional $12  million ($9  million non-Proposition  98 General Fund, $3  million federal funds) to accommodate new workload. Notable augmentations include $2  million for legal costs and $1.7  million to enhance cybersecurity.
https://lao.ca.gov/Publications/Report/5087

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - In the November 2024 election, voters approved Proposition  2, a state general obligation bond that provides $1.5  billion for community college facilities. (The measure also provides $8.5  billion for K-12 school facilities.)
https://lao.ca.gov/Publications/Report/5159

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - CalSTRS ’ 12 ‑member Teachers ’ Retirement Board (CalSTRS Board) administers the fund and is constitutionally responsible for overseeing the system ’s investment policies and ensuring that benefit payments are made on time and according to law.
https://lao.ca.gov/Publications/Report/4887

Unit 2 (Attorneys) MOU Analysis

Aug 25, 2022 - There are roughly 2,500 Unit 2 members enrolled in the Annual Leave Program. NDI-FCL provides eligible employees up to six weeks of paid leave within a 12-month period for the care of a seriously ill family member or to bond with a new child.
https://lao.ca.gov/Publications/Report/4619

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

Jun 27, 2025 - Today, the average Unit 12 member has seven years of service. Declining Share of Employees at Top Step. Figure  2 shows that the share of Unit 12 members who are at the top step of their job classification ’s pay range has decreased significantly over the past couple of decades and appears to be continuing to decline.
https://lao.ca.gov/Publications/Report/5060

The 2026-27 Budget: Community College Facilities [Publication Details]

Mar 17, 2026 - This post assesses the Governor’s proposals to fund the second batch of community college capital outlay projects under Proposition 2, an education facilities bond.
https://lao.ca.gov/Publications/Detail/5159

The 2025-26 California Spending Plan: Proposition 98 and K-12 Education [Publication Details]

Nov 10, 2025 - The 2025-26 California Spending Plan: Proposition 98 and K-12 Education [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5087