Cap-and-Invest: November 2025 Auction Update and 2026-27 Budget Context

Dec 9, 2025 - The preliminary auction results for the November auction of $844  million are lower than this quarterly amount by roughly $26  million (3  percent). As shown in the figure, this was also the case for the August auction.
https://lao.ca.gov/Publications/Report/5096

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - This amount was approved via three different 2025 budget actions: (1) $181  million provided through Chapter  2 of 2025 (A B  100 , Gabriel) (these funds were available for departments to spend during the final few months of 2024 ‑25), (2) $2.9  million through Chapter  5 of 2025 (A B  102 , Gabriel), and (3) $3.3  billion through Chapter  104 of 2025 (S B  105 , Wiener).
https://lao.ca.gov/Publications/Report/5115

The 2024-25 Budget: Crafting Climate, Resources, and Environmental Budget Solutions

Feb 14, 2024 - Moreover, the Governor sustains plans to provide about $930  million from the General Fund in 2025 ‑26 (including $500  million for water storage projects, over $300  million for energy programs, and $100  million to implement portions of CERIP).
https://lao.ca.gov/Publications/Report/4841

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - All Other Spending Lower by $600 Million. Across the rest of the budget, the administration’s estimates of baseline spending (for example, for caseload growth, federal reimbursements, and statutory cost increases) are lower than ours by $600 million.
https://lao.ca.gov/Publications/Report/4951

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - To help the state meet its climate goals and air quality requirements, the Governor signed an Executive Order in 2020 establishing various ZEV goals, including that 100 percent of in‑state sales of new passenger cars and trucks be zero emission by 2035.
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - CCC would use the proposed funds to hire (1)  100 new Corpsmembers dedicated to conservation work, including fire prevention and suppression activities (but  not hand crews); (2)  19 on ‑site personnel to support daily operations at the residential center; and (3)  5  headquarters staff to help manage increased administrative workload.
https://lao.ca.gov/Publications/Report/5116

The 2025-26 California Spending Plan: Natural Resources and Environmental Protection

Oct 16, 2025 - This amount was approved via three different 2025 budget actions: (1) $181  million provided through Chapter  2 (AB  100, Gabriel) in April 2025 (these funds were available for departments to spend during the final few months of 2024-25); (2) $2.9  million through Chapter  5 (AB  102, Gabriel); and (3) $3.3  billion through Chapter  104 (SB  105, Weiner).
https://lao.ca.gov/Publications/Report/5080

Overview of New Updates to the Cap-and-Invest Program

Dec 9, 2025 - (For reference, roughly $4.2  billion and $100  million annually, respectively, are required to fully fund all of the statutory allocations under S B  840 and state administrative costs.) Any residual revenues after funding these statutory allocations will be available for appropriation by the Legislature.
https://lao.ca.gov/Publications/Report/5097

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - In 2026 ‑27, for example, under this approach roughly $1.75  billion is available for discretionary purposes prior to funding Tier 3 programs, of which the administration proposes to spend about $1.6  billion.
https://lao.ca.gov/Publications/Report/5114

The 2022-23 Budget: Clean Energy Package

Feb 22, 2022 - The  Governor ’s budget provides a total of $922.4  million General Fund over two years ($323  million in 2022 ‑23 and $600  million in 2023 ‑24) to CEC for two new residential building decarbonization programs.
https://lao.ca.gov/Publications/Report/4554