The 2022-23 Budget: Water and Drought Response Proposals

Jan 31, 2022 - State  and local agencies likely will be busy administering and implementing recently funded activities both in the budget year as well as in the coming years. As such, the Legislature will want to be mindful that state and local agencies likely will have limitations on their capacity to oversee and expend significant amounts of new funding in the budget year.
https://lao.ca.gov/Publications/Report/4509

Cap-And-Trade Auction Update and GGRF Projections

Dec 6, 2021 - (These funds do not count toward the State Appropriations Limit which, as we discuss in our recent Fiscal Outlook , likely will be a key consideration in the Legislature’s upcoming budget deliberations.)
https://lao.ca.gov/Publications/Report/4480

The 2020-21 Budget: California Public Utilities Commission

Feb 27, 2020 - Regardless of whether or not a lack of program awareness is identified as a key factor driving low take-up, there will likely be additional workload to implement programmatic changes intended to address the issues identified in the program assessment.
https://lao.ca.gov/Publications/Report/4184

California’s Cap-and-Trade Program: Frequently Asked Questions

Oct 24, 2023 - In 2014, CARB linked the state ’s program with the Canadian province of Quebec ’s smaller carbon market. California ’s carbon market was also linked with Ontario ’s market from 2017 to 2018, before that province ’s cap-and-trade program shuttered.
https://lao.ca.gov/Publications/Report/4811

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

Feb 20, 2024 - Scenarios that CARB has presented suggest allowance auction prices will increase, which likely would mean more revenues for GGRF. However, the way in which CARB makes changes to it s allocation of allowances (such as modifying the mix of allowances given away for free to certain industries like utilities versus the number sold at the state ‑run auctions) ultimately will determine the impacts on prices and state  revenues. 2030 Expiration.
https://lao.ca.gov/Publications/Report/4847

The 2024-25 Budget: Flood Management Proposals

Feb 26, 2024 - If the Legislature believes these projects are a top priority and chooses to fund them, it likely will need to make additional reductions to other planned expenditures given the worsening budget picture.
https://lao.ca.gov/Publications/Report/4856

The 2023-24 Budget: Cap-and-Trade Expenditure Plan and Greenhouse Gas Reduction Fund Revenue Estimates

Mar 2, 2023 - DOF indicates that this amount likely is significantly overstated due to circumstances that prevented DOF from fully reconciling GGRF funds in time for the January 10 budget deadline. DOF indicates that it plans to provide an updated fund balance estimate as part of the May Revision.
https://lao.ca.gov/Publications/Report/4730

The 2020-21 Budget: Addressing Revenue Uncertainty in the 2020-21 Cap-and-Trade Expenditure Plan

Jun 4, 2020 - After providing funding to continuous appropriations (roughly 65  percent of auction revenue), existing statutory allocations, and ongoing administrative costs, the Department of Finance would first allocate available discretionary revenue to the following programs proportionally: AB  617 incentives to reduce local air pollution (up to $200  million).
https://lao.ca.gov/Publications/Report/4250

New Federal Toxics Law Could Have Future Implications for State

Oct 5, 2016 - This could have the effect of making it more likely for EPA to evaluate a chemical as posing an unreasonable risk if the agency does not have to demonstrate that those risks are outweighed by the potential costs of addressing the risks.
https://lao.ca.gov/Publications/Report/3504

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

Feb 10, 2026 - Additionally, CARB still is considering linking California’s cap‑and‑invest program with the program in Washington state. Such a linkage could affect allowance prices in both states as they come into alignment.
https://lao.ca.gov/Publications/Report/5114