February 12, 2025 - In this brief, we discuss major transportation funding proposals included in the Governor’s 2025-26 budget.
February 20, 2024 - This posts describes the Governor's $2.3 billion discretionary cap-and-trade expenditure plan proposal.
March 2, 2023 - This post summarizes the Cap-and-Trade Expenditure Plan and Greenhouse Gas Reduction Fund revenue estimates.
May 19, 2025 - Describes and comments on the Governor's May Revision proposals for reauthorizing the cap-and-trade program and spending Greenhouse Gas Reduction Fund revenues.
March 30, 2023 - Presented to: Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy
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.
May 7, 2025 - This report is intended to help inform legislative decision-making around reauthorization of the cap-and-trade program. It is submitted pursuant to Chapter 135 of 2017 (AB 398, Garcia), which requires our office to report annually on the economic impacts and benefits of the state’s greenhouse gas emissions reduction targets.
April 30, 2025 - Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy and Transportation
December 6, 2021 - Revenue from quarterly cap‑and‑trade auctions is deposited in the Greenhouse Gas Reduction Fund (GGRF), and the funds are allocated to various climate‑related programs. In this post, we (1) summarize the results from the recent November 2021 cap‑and‑trade auction, (2) estimate future GGRF revenue and the amount available for discretionary spending under three different scenarios, and (3) identify issues for legislative consideration as it begins its 2022‑23 budget deliberations.
September 12, 2024 - The 2024‑25 budget package provides a total of $17.8 billion from various fund sources—the General Fund, a number of special funds, bond funds, and federal funds—for the departments overseen by the California Natural Resources Agency (CNRA) and California Environmental Protection Agency (CalEPA). This amount represents about half of total 2023‑24 estimated expenditure levels. This significant year-to-year decrease is primarily due to a large amount of one-time funding—mostly from the General Fund—available for the departments within both agencies in 2023‑24, including large amounts of funds carried over from prior years. As discussed in this post, many departments continue to receive some one-time funding augmentations in 2024‑25, but at notably lower aggregate levels. Despite the year-to-year decline in funding, the 2024‑25 totals exceed the historical levels of funding that these agencies received prior to the state experiencing General Fund surpluses in recent years.
April 29, 2022 - This budget post provides an update on cap-and-trade revenue and resources available for discretionary spending.
February 14, 2018 - In this report, we assess many of the Governor’s budget proposals in the resources and environmental protection areas and recommend various changes. Below, we summarize our major findings and recommendations. We provide a complete listing of our recommendations at the end of this report.
February 13, 2024 - Presented to: Senate Environmental Quality Committee Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy