Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - State ’s Required Contribution Rate Also Projected to Decrease Significantly. Once the state ’s share of UAO is eliminated, the funding plan dictates that the state ’s supplemental contribution rate would be repealed, at which point the state would contribute only the base rate of 2.017 percent for its share of DB program normal costs.
https://lao.ca.gov/Publications/Report/4475

Update on the Progress of the CalSTRS Funding Plan [Publication Details]

Nov 18, 2021 - This post provides an update on the progress of the California State Teachers’ Retirement System (CalSTRS) funding plan.
https://lao.ca.gov/Publications/Detail/4475

The 2020-21 Spending Plan: Proposition 98 and K-12 Education

Oct 29, 2020 - At the time, the state estimated that the supplemental payment could reduce district pension costs by roughly 0.3  percent of annual pay over the next few decades. The 2020 ‑21 budget plan repurposes this payment to reduce pension costs by a larger amount over the next two years.
https://lao.ca.gov/Publications/Report/4291

The 2020-21 Budget: School District Budget Trends

Jan 21, 2020 - School Employees Are Part of One of Two Pension Systems. The California State Teachers ’ Retirement System (CalSTRS) administers pension benefits for school teachers, administrators, and other certificated employees (such as nurses, librarians, and counselors), whereas the California Public Employees ’ Retirement System (CalPERS) administers pension benefits for noncertificated employees (such as clerical staff).
https://lao.ca.gov/Publications/Report/4136

The 2025-26 Budget: California State University [Publication Details]

Feb 25, 2025 - The 2025-26 Budget: California State University [Publication Details] Description: This brief analyzes the state’s budget plan relating to CSU’s core operations and enrollment, as well as the Governor’s proposal to increase salaries for the Capital Fellows program.
https://lao.ca.gov/Publications/Detail/4989

The 2025-26 Budget: California State University

Feb 25, 2025 - When the Legislature sets enrollment growth expectations for CSU in the state budget, it intends for CSU to add more students. Though CSU is reporting higher state‑supported enrollment in each of the past two years, part of these increases has come from shifting enrollment from self‑ to state‑supported courses rather than adding new enrollment.
https://lao.ca.gov/Publications/Report/4989

The 2020-21 Budget: Proposition 98 Education Analysis

Feb 24, 2020 - We analyze the Governor’s proposals for State Preschool in The 2020‑21 Budget: Early Education Analysis. In our January report, The 2020‑21 Budget: School District Budget Trends , we provide detailed information about compensation, staffing, pensions, and other cost pressures affecting school district budgets.
https://lao.ca.gov/Publications/Report/4174

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Address Pension Liabilities and Costs. The state has a number of options for allocating funds that would improve the funding status of the pension systems and/or provide cost relief for districts. For example, the state could use one ‑time funds to pay down pension liabilities more quickly, which would also tend to lower district costs over the next several decades.
https://lao.ca.gov/Publications/Report/4473

Update on School District Budgets

Nov 16, 2020 - The state budget largely avoids reductions to schools and provides fiscal relief through one-time federal funding and lower pension contribution rates. In future years, however, these fiscal supports will recede and districts will be left with pension and health benefit costs ratche ting higher on the one hand and reduced funding growth —a consequence of declining student attendance —on the other.
https://lao.ca.gov/Publications/Report/4301

The 2020-21 Budget: School District Budget Trends [Publication Details]

Jan 21, 2020 - In this report, we examine district budgets—both looking back at actual experiences to date and looking ahead at what experiences could be over the next few years. First, we provide background on districts and their budgets. We then discuss trends in districts’ main cost drivers. Next, we examine overall district fiscal health, with a particular focus on districts in fiscal distress.
https://lao.ca.gov/Publications/Detail/4136