Refocusing the Workers’ Compensation Subsequent Injury Program

Jul 10, 2025 - Full Employer Costs Likely $2   Billion to $3   Billion Annually. Looking broadly at incoming claims each year, employers likely face lifetime SIBTF costs totaling $2  billion to $3  billion for each cohort of claims that injured workers submit each year.
https://lao.ca.gov/Publications/Report/5062

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - We Estimate the Governor Solved an $18   Billion Budget Problem. We estimate the Governor ’s budget addressed an $18  billion budget problem. This is somewhat lower than the $22  billion budget problem the administration has referenced.
https://lao.ca.gov/Publications/Report/4662

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - In the most recent actuarial valuation (as of June 30, 2023) the state’s unfunded liability associated with this benefit for all state employees is estimated to be $85.2 billion. Progress Towards Prefunding.
https://lao.ca.gov/Publications/Report/5061

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - This results in $1.3  billion in budgetary savings for the General Fund (the remainder of the $1.7  billion in payments would accrue to other state funds) in 2024 ‑25. Governor Proposes Allocating the 2024 ‑25 Requirement to Various Other Allowable Uses.
https://lao.ca.gov/Publications/Report/4887

The 2022-23 Budget: State Payments on the Federal Unemployment Insurance Loan

Feb 15, 2022 - This review suggests about $100  million of $35  billion in state benefits paid during the pandemic were fraudulent. This estimate of likely fraud is much smaller than the $1.3  billion a separate EDD analysis flagged as possible fraud, but this $1.3  billion estimate likely is overstated.
https://lao.ca.gov/Publications/Report/4543

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - In 2022-23, the state contributed about $2  billion (all funds) towards employee health premiums. Dental and Vision Insurance. The state pays the full premium cost for basic dental and vision benefits.
https://lao.ca.gov/Publications/Report/5047

The 2020-21 Spending Plan: Pensions

Oct 12, 2020 - In addition, the 2019 ‑20 Budget Act made a $2.3  billion supplemental payment toward districts ’ shares of CalSTRS and CalPERS long-term unfunded liabilities. (Of the $2.3  billion, $660  million was intended for the CalPERS School Pool and $1.64  billion was for CalSTRS.)
https://lao.ca.gov/Publications/Report/4279

Repaying the State’s Federal Unemployment Insurance Loan

May 26, 2021 - At that time, the state ’s peak year-end balance of loans was $10.2  billion at the end of 2012. Between 2011 and 2018, the state General Fund paid a total of $1.4  billion in interest payments on these loans.
https://lao.ca.gov/Publications/Report/4442

The 2021-22 May Revision: Golden State Stimulus 2

May 18, 2021 - The administration estimates that 5.7  million payments, totaling $3.7  billion, will be made under the program. Proposal The Governor ’s May Revision budget proposes $8.1  billion in General Fund to provide a second, broader round of Golden State Stimulus payments to families with AGI up to $75,000.
https://lao.ca.gov/Publications/Report/4435

CalSTRS Funding: An Update

May 5, 2017 - As described above, the state benefits from a theoretical asset portfolio ($189  billion) that is greater than the real world portfolio ($170  billion). Also, note that the state is responsible for the bulk of CalSTRS ’ liabilities ($218  billion out of the $267  billion total).
https://lao.ca.gov/Publications/Report/3662