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The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Although the state has already transferred the $1.7  billion payment to CalPERS associated with the 2023 ‑24 Proposition  2 requirement, how the funds would be applied to the state ’s unfunded liability has not yet been determined.
https://lao.ca.gov/Publications/Report/4887