The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - Excess Revenues Must Be Allocated to School Payments and Taxpayer Rebates. The Legislature could meet any remaining SAL  requirements by splitting excess revenues between taxpayer rebates and payments to schools and community colleges The Constitution gives the state two years to make these payments, and so the costs could be funded in the 2023 ‑24 budget.
https://lao.ca.gov/Publications/Report/4515

The 2020-21 Spending Plan: Pensions

Oct 12, 2020 - Pension Payments on Behalf of School and Community College Districts 2019 ‑20 Budget Act Gave Districts Short- and Long-Term Relief. The 2019 ‑20 Budget Act included $850  million in supplanting payments to help school and community college districts pay their required contributions to CalSTRS and the CalPERS School Pool in 2019 ‑20 and 2020 ‑21.
https://lao.ca.gov/Publications/Report/4279

Contributions to CalSTRS [EdBudget]

Aug 18, 2022 - Rates and amounts for subsequent years will be updated based on actual teacher payroll and investment returns, among other factors. b Reflects effective rates for school districts and community college districts.
https://lao.ca.gov/Education/EdBudget/Details/650

The 2025-26 Budget: California's Fiscal Outlook [Publication Details]

Nov 20, 2024 - Every year, our office publishes the Fiscal Outlook in anticipation of the upcoming budget season. This report gives the Legislature our independent estimates and analysis of the state’s budget condition with the goal of helping lawmakers prepare for the 2025-26 budget process. See our other Fiscal Outlook publications here.
https://lao.ca.gov/Publications/Detail/4939

California Community Colleges—Managing Cash in a Time of State Payment Deferrals

Dec 18, 2020 - Proposition   98 c onstitutionally governs the minimum amount of funding provided to schools and community colleges each year. In June 2020, the state estimated that the Proposition   98 m inimum guarantee had dropped notably for both 2019 ‑20 and 2020 ‑ 21 r elative to assumptions it had made one year earlier (in June 2019), prior to the pandemic.
https://lao.ca.gov/Publications/Report/4307

The 2022-23 California Spending Plan: Human Services

Oct 21, 2022 - These funds are provided in addition to $25  million General Fund for LIWP in 2022-23 (and another $25  million in 2023-24) that was allocated by the 2021-22 Climate Resilience package, bringing total funding for LIWP in 2022-23 to $40  million.
https://lao.ca.gov/Publications/Report/4640/7

Update on Community College Reserves

Jan 27, 2021 - Since June 2020, the state ’s fiscal outlook, as well as the Proposition  98 outlook for school and community college funding, has improved. Developments over just the past couple of months also bode well for community colleges.
https://lao.ca.gov/Publications/Report/4323

Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - Strengthening the CalSTRS Funding Plan — 36 a Reflects how often a loss of similar magnitude or greater has occurred in any one year over the past 25 years. b Under scenario 3, the state ’s rate would increase by the maximum allowed each year through 2041 ‑42, then continue increasing by less than the maximum each year through 2045 ‑46.
https://lao.ca.gov/Publications/Report/4400

Proposition 4 [Ballot]

Nov 5, 2024 - Fiscal Effects Increased State Costs of About $400  Million Annually for 40 Years to Repay the Bond. The estimated cost to repay the bond would be about $400  million annually over a 40-year period .
https://lao.ca.gov/BallotAnalysis/Proposition?number=4&year=2024

The 2020-21 Budget: Proposition 98 Education Analysis

Feb 24, 2020 - School districts face fiscal pressures ranging from rising pension costs to higher costs for special education. Though nearly all districts currently hold positive budget ratings, we expect districts to face more difficulty balancing their budgets in the upcoming year.
https://lao.ca.gov/Publications/Report/4174