Strengthening the CalSTRS Funding Plan [Publication Details]

Mar 10, 2021 - This report provides an overview of the 2014 California State Teachers’ Retirement System (CalSTRS) funding plan, and analyzes the various challenges and complexities of the plan that have come to light that may impede CalSTRS’ ability to successfully eliminate the system’s unfunded actuarial obligation (UAO) by 2046.
https://lao.ca.gov/Publications/Detail/4400

Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - Appendix Glossary of Key Terms Related to Pension Funds Throughout this report, we refer to terms commonly used when describing pension funds. We define those key terms here, in reference to the California State Teachers ’ Retirement System (CalSTRS).
https://lao.ca.gov/Publications/Report/4400

The 2025-26 Budget: The California State Payroll System IT Project [Publication Details]

Mar 7, 2025 - The 2025-26 Budget: The California State Payroll System IT Project [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/5011

The 2025-26 Budget: The California State Payroll System IT Project

Mar 7, 2025 - These aging systems make it difficult for the state to, for example, change how state employee payroll is calculated and disbursed based on updates to federal and state law. For over two decades, SCO —which is responsible for issuing pay to the state workforce —has led state efforts to plan, develop, and implement a new state payroll system.
https://lao.ca.gov/Publications/Report/5011

The 2025-26 Budget: Business, Consumer Services and Housing Agency Reorganization [Publication Details]

Feb 25, 2025 - In this post, we provide background on state agencies in California government in general; the Business, Consumer Services, and Housing (BCSH) Agency, in particular; and the process for reorganizing state government. Next, we describe our understanding, based on discussions with the administration and available information at this time, of the Governor’s intent to reorganize BCSH.
https://lao.ca.gov/Publications/Detail/4987

The 2025-26 Budget: Business, Consumer Services and Housing Agency Reorganization

Feb 25, 2025 - Figure 1 California ’s Seven State Agencies Vary in Size 2024 ‑25 Enacted Budget (Dollars in Thousands) State Agency Business, Consumer Services and Housing 3,443,387 161,995 a State funds include General Fund, special funds, and bond funds.
https://lao.ca.gov/Publications/Report/4987

The 2025-26 Budget: Department of Real Estate [Publication Details]

Mar 19, 2025 - In this post, we assess key drivers of the structural imbalance of the Department of Real Estate’s primary source of funding—the state Real Estate Fund—and make recommendations to help ensure solvency.
https://lao.ca.gov/Publications/Detail/5019

The 2025-26 Budget: Department of Real Estate

Mar 19, 2025 - Almost All DRE Funding Comes From the State Real Estate Fund. The revised 2024-25 budget includes $67  million and 384 positions for the operation of DRE, with nearly all of the funding coming from the Real Estate Fund.
https://lao.ca.gov/Publications/Report/5019

Improving Legislative Oversight of Emergency Authorities

Apr 10, 2025 - Moreover, compared to other states, California is an outlier by not requiring states of emergency to expire unless renewed. Specifically, 36 states limit the amount of time states of emergency can be open before the Governor or Legislature must act to renew them —ranging from 15 days to six months.
https://lao.ca.gov/Publications/Report/5029

The 2024-25 Budget: Proposed Reductions to State Operations [Publication Details]

May 21, 2024 - The 2024-25 Budget: Proposed Reductions to State Operations [Publication Details] The 2024-25 Budget: Proposed Reductions to State Operations Format: HTML Description: The Governor’s May Revision proposes to (1) administratively establish a new ongoing unallocated 7.95 percent reduction to state operation expenditures and (2) make the 2024-25
https://lao.ca.gov/Publications/Detail/4903