The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - For example, we think the state would have more capacity to make loans from special funds if those loans were made on a pooled basis, rather than on an individual fund  basis. State Has Used Revenue Increases to Address Past Budget Problems.
https://lao.ca.gov/Publications/Report/4819

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - For some pension plans, such as CalSTRS ’ Defined Benefit Program and CalPERS ’ School Pool, assets and liabilities from multiple employers are aggregated together and employers pay toward the collective unfunded liabilities.
https://lao.ca.gov/Publications/Report/4887