Cal Facts: 2016

Dec 5, 2016 - Chapter 249 of 2016 (SB 32, Pavley) established the target of reducing GHG emissions to 40 percent below 1990 levels by 2030. At the time of this report, ARB is developing a plan to achieve the new 2030 target.
https://lao.ca.gov/Publications/Report/3511/5

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - Figure   6 i llustrates two revenue scenarios through 2030 under different assumptions about future allowance prices. The low price scenario assumes all allowances sell at the minimum price established by CARB from 2018 t hrough 2030.
https://lao.ca.gov/Publications/Report/3719

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - In late July, for example, the Legislature passed and the Governor approved, an extension of authority for the Air Resources Board to implement the state ’s cap ‑and ‑trade program from 2020 to 2030.
https://lao.ca.gov/Publications/Report/3694

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Chapter  547 of 2015 (SB  350, de  Le ón) expanded the state ’s renewable portfolio standard from 33  percent by 2020 to 50  percent by 2030 and established a state goal of doubling the amount of energy efficiency savings by 2030.
https://lao.ca.gov/Publications/Report/3487/8

Cal Facts: 2016

Dec 5, 2016 - Proposition  55 extends the income tax increases through 2030. 2 (2014) Sets new rules for state and school budget reserves and debt payments. Historical Budget Reserve Balances Percent of Revenues and Transfers Each year, the Legislature passes a budget with some reserves to cover unanticipated revenue shortfalls or higher costs.
https://lao.ca.gov/Publications/Report/3511/1

Rethinking California's Reserve Policy

Apr 10, 2025 - In March of 2004, on the heels of the dot ‑com bust, voters passed Proposition  58, which created the Budget Stabilization Account (BSA). In the 2006 ‑07 budget, the Legislature deposited $472  million into the BSA and in 2007 ‑08 deposited $1.5  billion.
https://lao.ca.gov/Publications/Report/5028

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan

Apr 4, 2018 - Legislative Requirements and Initial Administrative Decisions Loan to Be Repaid by 2030 o r Sooner. Senate Bill 84 stipulates that the principal and interest payments of the loan must be fully repaid on or before June 30, 2030.
https://lao.ca.gov/Publications/Report/3797

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - Second, Proposition  2 created new requirements that the state spend a minimum amount each year, until 2030, to pay down specified debts. As shown in Figure  1, Proposition  2 has two avenues for making reserve deposits and paying debt.
https://lao.ca.gov/Publications/Report/4418