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

Feb 10, 2026 - The practical implication of the administration considering revenues from interest income and the entering fund balance outside of the S B  840 allocation process is that more than $1  billion annually will be set aside as available for discretionary purposes prior to computing allotments for Tier 3 programs.
https://lao.ca.gov/Publications/Report/5114

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

Dec 9, 2025 - Senate Bill 840 states that the Legislature intends to direct specific percentages of future GGRF to new individual Funds dedicated to supporting (1)  clean transportation, (2)  housing and community investment, (3)  clean air and water, (4)  wildfire prevention and resilience, (5)  agriculture, (6)  clean energy, and (7)  climate ‑focused innovation.
https://lao.ca.gov/Publications/Report/5097

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

Feb 24, 2026 - These include (1)  support for the California Department of Transportation (Caltrans) and its highway maintenance and rehabilitation programs, (2)  direct suballocations to cities and counties for local streets and roads, and (3)  competitive infrastructure grants on freight corridors through the Trade Corridor Enhancement Program (TCEP).
https://lao.ca.gov/Publications/Report/5139

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 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - On October 3, 2025, DOF notified the Joint Legislative Budget Committee (JLBC) that it had finalized a $20  million contract with a vendor on September 26, 2025. Based on the scope of the contract, the administration now anticipates (1)  savings of $425  million in 2025-26 from two departments ($300  million from DHCS and $125  million from CDCR) and (2)  unknown savings in the outyears.
https://lao.ca.gov/Publications/Report/5081

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

Mar 18, 2026 - Some notable examples of previous VAs include: (1)  the Quantification Settlement Agreement , adopted in 2003 to address longstanding disputes over Colorado River water rights and to reduce use of Colorado River water in California; (2)  the San Joaquin River Restoration Settlement , agreed to in 2006 following an 18 ‑year legal dispute, with the goal of restoring fish
https://lao.ca.gov/Publications/Report/5163

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: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - As we discuss in our December 2018 report, Assessing California’s Climate Policies—Transportation , such challenges can include (1) program interactions that can affect cost‑effectiveness, (2) difficulty evaluating programs,(3) potential lack of program coordination, and (4) increased administrative costs.
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: Permitting Support at the State Water Resources Control Board

Mar 2, 2026 - To that end, the 2024-25 budget package included language requiring SWRCB to submit a report to the Legislature by January 2026 on (1)  the impacts of the Sackett decision on workload, permitting, and enforcement processes; (2)  the nature of any legal challenges to state regulatory authority; and (3)  any regulatory limitations it was experiencing under current statute.
https://lao.ca.gov/Publications/Report/5144

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