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

Dec 9, 2025 - Moreover, S B  840 added two new statutory allocations for the Climate Bureau and A B  617 , signaling the Legislature ’s interest in prioritizing ongoing funding in these  areas. Modifying Prioritization Order Affects How Much Funding Programs Receive Under Lower Revenue Scenarios.
https://lao.ca.gov/Publications/Report/5097

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

Feb 10, 2026 - 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 Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - The state added the doubling goal as a narrative water quality objective in the 1995 Bay ‑Delta Plan. Doubling natural production relative to the average annual 1967 ‑1991 baseline would mean nearly 900,000 naturally produced salmon annually.
https://lao.ca.gov/Publications/Report/5163

The 2024-25 Budget: Flood Management Proposals

Feb 26, 2024 - For example, the Kopta Slough project would restore a river channel and remove rock revetment, ultimately leading to restoration of 170 acres of salmon rearing habitat on the Sacramento River. Similarly, the Crow ’s Landing project would restore a floodplain and provide 270 acres of salmon habitat in the San Joaquin River basin.
https://lao.ca.gov/Publications/Report/4856

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

Oct 16, 2025 - This legislation requires CARB to establish a Carbon Capture, Removal, Utilization, and Storage Program in order to develop and implement a regulatory framework for carbon capture and storage and carbon dioxide removal technologies.
https://lao.ca.gov/Publications/Report/5080

The 2025-26 Budget: May Revision Trailer Bill Proposals on the Delta Conveyance Project and Water Quality Control Plans

May 27, 2025 - In effect, approving this proposal would signal the Legislature ’s support for the DCP —something the Legislature might not be prepared to do —because it would remove many of the obstacles to move forward on the project.
https://lao.ca.gov/Publications/Report/5053

The 2025-26 Budget: Cap-and-Trade Reauthorization and Greenhouse Gas Reduction Fund Proposals at May Revision

May 19, 2025 - Moreover, if the Legislature does not use GGRF to help ad dress the state ’s budget problems, it will be faced with making even greater reductions to General Fund-supported programs or increasing revenues by a like amount.
https://lao.ca.gov/Publications/Report/5049

Assessing California’s Climate Policies—Cap-and-Trade Reauthorization

May 7, 2025 - Changing how offsets are handled under the program could affect GHG emissions in various ways, depending upon what modifications are made. For example, one potential change could be to remove an allowance from the program for each offset that is used to meet a compliance obligation.
https://lao.ca.gov/Publications/Report/5042

The 2024-25 Budget: Sustainable Funding for the Department of Pesticide Regulation

Mar 5, 2024 - This could involve removing or refining activities proposed by the Governor or adding activities that are legislative priorities. Ensuring that legislative priorities are reflected is particularly important given the opportunity that adjusting taxes and fees provides in setting the state ’s overall goals for pesticide regulation and ensuring they are well supported.
https://lao.ca.gov/Publications/Report/4873

The 2025-26 Budget: Proposition 4 Spending Plan

Feb 12, 2025 - To avoid adding undue reporting burdens for the administration, we recommend the Legislature be selective and focus any such requirements on the areas for which additional information would be most helpful in informing future efforts.
https://lao.ca.gov/Publications/Report/4958