Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - LAO Bottom Line Our analysis of existing Proposition  2 commitments by the Legislature and Governor suggests that, under the existing set of agreements for Proposition  2 debt funding priorities, there may be little ongoing capacity for additional debt funding commitments from this source until at least the mid-2020s.
https://lao.ca.gov/Publications/Report/3727

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - In 2023 ‑24, the CalSTRS Board set the state ’s supplemental rate to 6.311  percent (the same rate the state has paid for the past few years), while the “unconstrained ” actuarially required rate —what the CalSTRS Board could set as the state ’s rate if it had full rate ‑setting authority to meet the goal of eliminating unfunded liabilities by 2046 —would be around 3.5  percent according to CalSTRS ’ most recent actuarial valuation.
https://lao.ca.gov/Publications/Report/4887

Unit 2 (Attorneys) MOU Analysis [Publication Details]

Aug 25, 2022 - Unit 2 (Attorneys) MOU Analysis [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/4619

Unit 2 (Attorneys) MOU Analysis

Aug 25, 2022 - As Figure  1 shows, the administration estimates that the proposed agreement with Unit 2 would increase annual state costs associated with rank-and-file state attorneys and hearing officers by $100.2  million by 2025-26.
https://lao.ca.gov/Publications/Report/4619

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - As Figure  2 shows, the Governor proposes to fund all ten projects selected by the Chancellor ’s Office. The Governor ’s budget includes $28  million Proposition  2 bond funds for the preliminary plans and working drawings phases of these projects.
https://lao.ca.gov/Publications/Report/5159

The 2026-27 Budget: Community College Facilities [Publication Details]

Mar 17, 2026 - This post assesses the Governor’s proposals to fund the second batch of community college capital outlay projects under Proposition 2, an education facilities bond.
https://lao.ca.gov/Publications/Detail/5159

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - The amount projected for 2021 ‑22 is higher than what previous budgets have assumed for the budget year (see Figure  2). As the figure shows, recent budgets have tended to underestimate capital gains, meaning the estimates are below the actuals.
https://lao.ca.gov/Publications/Report/4418

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Proposition  58 explicitly permitted the Legislature to transfer amounts into the BSA so that its balance exceeded either of these thresholds. Deposit Made Under Rules of Proposition  58 in 2014 ‑15 Budget Package.
https://lao.ca.gov/Publications/Report/3900

The 2022-23 Budget: Commission on Peace Officer Standards and Training

Jan 31, 2022 - Specifically, POST is responsible for setting minimum selection and training standards, developing and running law enforcement training programs, improving law enforcement management practices, and reimbursing local law enforcement for training.
https://lao.ca.gov/Publications/Report/4507

The 2025-26 Budget: Community College Facilities

Mar 18, 2025 - The state sells general obligation bonds to receive up-front funding for project costs. It then repays these bonds with interest over a period of time (typically about 35 years) using non-Proposition  98 General Fund.
https://lao.ca.gov/Publications/Report/5017