Cal Facts 2018 [Publication Details]

Dec 6, 2018 - With a state as big, as populous, and as complex as California, quickly summarizing how its economy or state budget works is impossible. Instead, Cal Facts is a visual guide—using a variety of different charts—to the state's economy, revenues, and major program trends.
https://lao.ca.gov/Publications/Detail/3905

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

Dec 9, 2025 - However, should the recent trends continue, total 2025-26 revenues would come in slightly below —potentially by around $100  million —the 2025-26 Budget Act assumptions . This could result in the need to make some minor midyear adjustments —potentially totaling in the low tens of millions of dollars —to programs receiving discretionary allocations in 2025-26.
https://lao.ca.gov/Publications/Report/5096

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - Long ‑Term Downward Population Trends Threaten Survival of Native Fish. A species native to California, Chinook salmon are important to commercial and recreational fishing, central to many tribes ’ cultural practices and traditional sustenance, and integral to the state ’s biodiversity and natural ecosystems.
https://lao.ca.gov/Publications/Report/5163

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal

Feb 24, 2026 - We note that the state is already projected to face future transportation funding challenges due to existing trends and policies that increase zero ‑emission vehicle (ZEV) adoption, which in turn will reduce diesel and gasoline excise tax revenues.
https://lao.ca.gov/Publications/Report/5139

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

Feb 10, 2026 - Monitor Auctions and Adopt Spending Levels That Reflect Evolving Revenue Trends. Given the continued uncertainty around cap ‑and ‑invest revenues, we recommend the Legislature closely monitor upcoming quarterly auctions —in February  and May 2026 —to assess how revenues are materializing.
https://lao.ca.gov/Publications/Report/5114

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

Feb 10, 2026 - A common trend shown in all three figures is lower proposed spending for 2026 ‑27 as compared to the current year —including a cumulative funding drop of nearly one ‑third for CNRA departments across the two years.
https://lao.ca.gov/Publications/Report/5116

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

Dec 9, 2025 - Notably, the specific fixed amounts provided by S B  840 are higher than historical average funding levels for these programs, as GGRF revenues have trended mostly upward over time. Changes Provide Additional Funding Certainty for High ‑Speed Rail Project.
https://lao.ca.gov/Publications/Report/5097

The 2024-25 Budget: Cap-and-Trade Expenditure Plan

Feb 20, 2024 - Our conclusion is based on recent auction trends, in which allowance prices have been trending upward (as of this writing). Should these trends continue, the state could have additional GGRF to spend in both the current and budget years compared to the Governor ’s proposal —perhaps including several hundreds of millions of dollars more for discretionary spending.
https://lao.ca.gov/Publications/Report/4847

The 2025-26 Budget: Cap-and-Trade Expenditure Plan

Feb 12, 2025 - Since GGRF revenues are subject to substantial uncertainty, as we discuss in greater detail below, revenues could be notably higher or lower than recent trends. Further declines in revenues compared to what has been the case thus far would necessitate additional reductions to planned expenditure s, whereas increases in revenues could potentially result in additional monies becoming available for discretionary  purposes.
https://lao.ca.gov/Publications/Report/4960