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

Dec 9, 2025 - This revenue level would be insufficient to fully fund the $4.3  billion in statutory allocations under SB  840, let alone the additional $1.5  billion for activities specified in legislative intent discussed above.
https://lao.ca.gov/Publications/Report/5096

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

Feb 24, 2026 - The only limit on the amount of credits that eligible producers could claim under the proposed policy is the amount of their California diesel excise ta x liability —currently totaling about $1.5  billion across all producers —and the amount of SAF that could be produced or imported to California.
https://lao.ca.gov/Publications/Report/5139

The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals

Mar 19, 2026 - For implementing various statutory responsibilities, the Governor proposes $741,000 in 2026-27, $1.7  million in 2027-28, $1.5  million from 2028-29 through 2031-32, and $522,000 ongoing thereafter. Figure 1 Administrative and Policy Information technology (IT) Support five existing positions and various IT infrastructure and security activities resulting from LCI establishing
https://lao.ca.gov/Publications/Report/5167

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - These included (1)  a $1.5  billion ($760  million General Fund) reduction through the permanent and ongoing reduction of 10,000 vacant positions and the associated funding and (2)  a reduction to General Fund operating expenditures of $2.2  billion in 2024 ‑25 and $2.8  billion in 2025 ‑26 and ongoing.
https://lao.ca.gov/Publications/Report/4951

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

Dec 9, 2025 - Specifically, budget bill language expressed intent to fund up to $1.5  billion from GGRF for purposes outside the statutory program allocations in 2026 ‑27 ($250  million for various purposes specified in S B  840 and $1.25  billion for California Department of Forestry and Fire Protection activities that otherwise would be paid for by the General Fund).
https://lao.ca.gov/Publications/Report/5097

The 2022-23 California Spending Plan: Resources and Environmental Protection

Oct 10, 2022 - California Energy Commission The budget provides $1.5  billion to CEC, a 51  percent ($1.5  billion) decrease compared to revised prior-year spending levels. Much of the year-over-year decrease reflects a significant amount of one-time funding provided in 2021-22 for ZEV- and energy-related activities.
https://lao.ca.gov/Publications/Report/4633

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

May 19, 2025 - Governor ’s Proposal The Governor ’s May Revision GGRF spending proposal includes the following major components: Shifts at Least $1.5 Billon of CalFire ’s Budget to GGRF on Ongoing Basis. The proposal shifts the portions of the California Department of Forestry and Fire Protection ’s (CalFire ’s) budget related to fire control, fire prevention, and resource management —currently
https://lao.ca.gov/Publications/Report/5049

The 2021-22 Spending Plan: Natural Resources and Environmental Protection

Oct 18, 2021 - On an ongoing basis, the budget assumes that an additional $1.5  million in savings associated with terminating the leases of two existing office spaces will offset the remaining cost to the General Fund.
https://lao.ca.gov/Publications/Report/4463

The 2019-20 Budget: California Spending Plan—Resources and Environmental Protection

Oct 17, 2019 - The budget also provides $1.5  million to CalEPA to contract with the University of California to identify strategies to decrease demand and supply of fossil fuels to achieve a carbon neutral economy by 2045.
https://lao.ca.gov/Publications/Report/4103

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - Under the Governor ’s budget, these infrastructure proposals count as exclusions from the SAL. $1.5   Billion One Time for College and Career Pathways. The budget proposes $1.5  billion to develop college and career pathways for high school students interested in technology, health care, education, and climate ‑related fields.
https://lao.ca.gov/Publications/Report/4492