January 25, 2022 - In this post, we describe the Governor's cap-and-trade expenditure plan, evaluate the revenue assumptions used to determine the amount of funding available, and identify issues for legislative consideration.
April 29, 2022 - This budget post provides an update on cap-and-trade revenue and resources available for discretionary spending.
March 2, 2023 - This post summarizes the Cap-and-Trade Expenditure Plan and Greenhouse Gas Reduction Fund revenue estimates.
August 23, 2017 - Presented to Assembly Budget Subcommittee No. 3 on Resources and Transportation
March 30, 2023 - Presented to: Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy
February 20, 2024 - This posts describes the Governor's $2.3 billion discretionary cap-and-trade expenditure plan proposal.
August 24, 2017 - Presented to Senate Budget and Fiscal Review, Subcommittee No. 2
February 10, 2021 - This publication analyzes the Governor's cap-and-trade expenditure plan, which includes "early action" discretionary spending of $624 million in 2020-21, as well as $745 million in 2021-22.
February 13, 2024 - Presented to: Senate Environmental Quality Committee Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy
February 14, 2022 - Provides an update on some major recent state budget actions related to housing, describes the Governor’s housing budget proposals, and raises issues for the Legislature’s consideration.
February 13, 2020 - This report assesses the Governor’s major 2020-21 budget proposals related to climate change. The four proposals we evaluate are the Governor's (1) cap-and-trade expenditure plan ($965 million), (2) expanded climate adaptation research and technical assistance activities ($25 million), (3) new Climate Catalyst loan fund ($250 million), and (4) climate bond ($4.75 billion).
May 16, 2022 - On May 13, 2022, Governor Newsom presented a revised state budget proposal to the Legislature. (This annual proposed revised budget is called the “May Revision.”) In this brief, we provide a summary of the Governor's revised budget, focusing on the overall condition and structure of the state General Fund—the budget's main operating account. In the coming days, we will analyze the plan in more detail and provide additional comments in hearing testimony and online. The information presented in this brief is based on our best understanding of the administration's proposals as of 11:00 AM, May 14, 2022. In many areas of the budget, this understanding will continue to evolve as we receive more information. We only plan to update this brief for very significant changes (that is, those greater than $500 million).
Update (5/20/22): Updated to reflect information about state appropriations limit (SAL) excluded spending and other budget proposals.