The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - For community colleges, the budget also provides (1)  $50  million ongoing for caseload increases in the Student Success Completion Grant program and (2)  $25  million ongoing to increase enrollment by 0.5  percent.
https://lao.ca.gov/Publications/Report/4922

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - The CalSTRS Board may increase the state ’s supplemental rate by no more than 0.5  percent of creditable compensation annually, and may increase or decrease employers ’ supplemental rate by no more than 1  percent of creditable compensation annually.
https://lao.ca.gov/Publications/Report/4887

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

May 17, 2021 - Figure 7 Governor Still Uses Budget Solutions Despite Historic Revenue Growth Budget Solutions From 2020 Maintained in 2021 May Revision (In Billions) Reserve Withdrawals Make Budget Stabilization Account withdrawal $7.8 Make Safety Net Reserve withdrawal 0.5
https://lao.ca.gov/Publications/Report/4432

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Based on that valuation period, actuaries projected the state’s rate would need to continue increasing annually by the maximum allowed 0.5 percent of teacher payroll for the next few years. Accordingly, our forecast assumes the state’s required contribution rate to CalSTRS’ Defined Benefit program will continue increasing, reaching nearly 10 percent of teacher payroll in 2024‑25 and 2025‑26.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - For community colleges, the budget funds enrollment growth of 0.5  percent and proposes a new minimum funding level beginning in 2025 ‑26. This proposal would provide all colleges with at least as much funding as they received under certain calculations in 2024 ‑ 25 —regardless of the number of students they serve in the future.
https://lao.ca.gov/Publications/Report/4492