LAO publishes budget review

The Legislative Analyst's Office released a summary of budget developments up through the passage of the 2010-11 budget last month. It is not, however, a projection of what is to come. That analysis is likely to be coming later this month.

Nonetheless, for those interested in the details, the summary is available at http://www.lao.ca.gov/reports/2010/bud/spend_plan/spend_plan_110510.pdf

The report takes note of the fact that the earlier legislation in which the state claimed no responsibility for the UC pension has been removed. (The UCLA Faculty Assn. proudly notes its part in getting that accomplished. See earlier posts for info on the role played by the Assn.) However, there is no funding for the pension in the 2010-11 budget. The Legislature has instead asked the University to come up with a plan for funding. By December, that plan should be in place. We will then see what the legislature and new governor does with that info.

In the meantime: