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

Jan 13, 2020 - Governor Has a $6   Billion Surplus to Allocate. We estimate the Governor had a $6  b illion surplus to allocate in the 2020 ‑ 21 b udget process. (The box below gives more information on how we use the term “surplus ” in the Overview of the Governor ’s Budget .)
https://lao.ca.gov/Publications/Report/4135

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - By 2021 ‑22, the guarantee is about $7. 6  b illion (8. 8  p ercent) below the level in our growth scenario (see Figure 4). Under the recession scenario, the state not only would be unable to provide COLA in 2020 ‑21 and 2021 ‑22, it also would need to reduce spending (assuming it funds at the lower minimum guarantee).
https://lao.ca.gov/Publications/Report/3897

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

May 17, 2021 - Budget Structure This section and figure  6 describe the allocation of the $38  billion General Fund surplus, which excludes spending on schools and community colleges. The Governor allocates: $25  billion to one-time or temporary spending, including nearly $15  billion for capital outlay; $7  billion to revenue-related reductions; $3.4  billion to the Special
https://lao.ca.gov/Publications/Report/4432

CalSTRS Funding: An Update

May 5, 2017 - In total, these new assumptions account for nearly $7  billion of the $21  billion increase in CalSTRS ’ unfunded liabilities. (The board also voted to further reduce the investment return assumption to 7  percent for the 2017 ‑18 valuation, which will be released in spring 2018.
https://lao.ca.gov/Publications/Report/3662

The 2021-22 Budget: Educator Workforce Proposals

Feb 19, 2021 - For instance, the University of California receives $7. 6  m illion ongoing (state and federal funds) to support professional development in core subject areas through the Subject Matter Projects. These options can be free of charge or on a fee ‑for ‑service basis.
https://lao.ca.gov/Publications/Report/4381

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 2025-26 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 13, 2025 - As Figure  6 shows, school funding peaked following rapid increases in 2020 ‑21 and 2021 ‑22. Since that time, funding has been roughly flat after adjusting for inflation. Major Ongoing Proposals $2.1   Billion for COLA.
https://lao.ca.gov/Publications/Report/4963

The 2021-22 Budget: The Fiscal Outlook for Schools and Community Colleges

Nov 18, 2020 - Based on the much stronger revenue projections in our outlook, we estimate the 2020 ‑21 guarantee is up $13. 1  b illion (18. 5  p ercent) over the June budget act level. We estimate the 2021 ‑22 guarantee is up another $ 595  m illion (0. 7  p ercent) over our revised 2020 ‑ 21 e stimate.
https://lao.ca.gov/Publications/Report/4298

Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - However, CalSTRS announced after the close of the fiscal year that the system ’s assets returned 27.2 percent in 2020-21, bringing the total fund value to $308.6 billion as of June 30, 2021. This investment return experience is well above CalSTRS ’ assumed rate of 7 percent.
https://lao.ca.gov/Publications/Report/4475

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - To date, the state has funded 129,800 additional slots—a 113.8 percent increase in non‑CalWORKs slots compared to 2020‑21 levels. CalWORKs caseload has also grown by over 31,000 (23.9 percent) over this period.
https://lao.ca.gov/Publications/Report/5168