The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement. Proposition  2 created new rules regarding: (1)  deposits into the state ’s rainy ‑day fund and (2)  accelerating payments toward certain eligible debts.
https://lao.ca.gov/Publications/Report/4887

MOU Fiscal Analysis: Bargaining Units 10 (Professional Scientists) and 18 (Psychiatric Technician)

Sep 9, 2025 - (The General Fund share of these costs are paid from the state ’s required annual debt payments under Proposition  2 [2014].) In addition, all but the agreement with Unit 6 (Corrections) also suspend the employee contribution.
https://lao.ca.gov/Publications/Report/5073

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians, Dentists, and Podiatrists)

Jul 14, 2025 - (The General Fund share of these costs are paid from the state ’s required annual debt payments under Proposition  2 [2014].) The reduced amount of money invested in the trust fund will result in higher unfunded liabilities in the long-run.
https://lao.ca.gov/Publications/Report/5064

MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Jun 27, 2025 - Figure 1 Administration ’s Estimated Fiscal Effect of Proposed Unit 12 Agreement (In Millions) Extension of Terms to Excluded Employees b ‑2.3 $18.4 $52.0 a State General Fund retiree health prefunding costs are paid using funds required to be expended under Proposition 2 (2014). b This is an indirect cost that would result from the agreement being ratified.
https://lao.ca.gov/Publications/Report/5060

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - However, the state regularly appropriates SPPs to satisfy General Fund constitutional debt repayments required under Proposition 2 (2014) to the four pension plans other than Highway Patrol. Highway Patrol is excluded from these Proposition 2 SPPs because Highway Patrol is funded entirely by non-General Fund state funds.
https://lao.ca.gov/Publications/Report/4920

The 2022-23 Budget: Analysis of the Care Economy Workforce Development Package

Mar 10, 2022 - In 2021 ‑22, the state is providing $566  million ongoing Proposition  98 General Fund for AEP. Statute provides this level of funding regardless of the number of students served or the type of instruction provided.
https://lao.ca.gov/Publications/Report/4572

The 2015-16 Budget: Major Features of the Adopted Plan (Other Issues)

Jun 19, 2015 - Implements additional reporting requirements on Proposition  1 project outcomes, costs, and timeframes. Other Proposition  1 Funding —Watershed Protection and Restoration The spending plan for 2015‑16 also includes $215  million from Proposition  1 for other, nondrought-related activities.
https://lao.ca.gov/Publications/Report/3278

The 2024-25 Budget: State Employee Compensation

Mar 21, 2024 - (For our analysis of issues related to pension payments under Proposition  2 [2014], see our report The 2024‑25 Budget: Proposition 2 Debt Payment Proposals .) Specifically, this analysis looks at the Governor’s 2024‑25 budget proposals to (1) use vacancy rates to identify one-time unallocated spending reductions across state departments, (2) eliminate the
https://lao.ca.gov/Publications/Report/4888

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - Recommend Flexible Proposition  2 Debt Payments in Budget Plan. To pass a budget in June, the Legislature must include a schedule of required debt payments under Proposition  2. Instead of approving the proposal now without sufficient analysis, the Legislature could “pencil in ” a flexible plan for Proposition  2.
https://lao.ca.gov/Publications/Report/3673

The 2020-21 Spending Plan: Pensions

Oct 12, 2020 - To make up for the state ’s lower contribution rate, the Spending Plan dedicates $297  million of Proposition  2 required debt payments to make a supplemental payment to the state ’s share of CalSTRS unfunded liabilities.
https://lao.ca.gov/Publications/Report/4279