Cap-And-Trade Auction Update and GGRF Projections

Dec 6, 2021 - Drop to Price Floor. In this scenario, we assume prices drop to the floor beginning in February 2022 and remain there through 2022 ‑23. These prices would result in GGRF revenues totaling $3.7  billion in 2021 ‑22 and $2.7  billion in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4480

^[PDF] Honor in Office Act (Amendment #1-S)

Proposal This measure amends the Constitution to require a Member of the Legislature to sign certifications—described in the measure and summarized below—under penalty of perjury before he or she votes in favor of any bill on the floor of the Senate or the As- sembly.
https://lao.ca.gov/ballot/2009/090342.pdf

November 2020 Cap-and-Trade Auction Update [EconTax Blog]

Dec 4, 2020 - Allowances in the November auction also sold at slightly higher prices ($16.93 for 2020 vintage allowances and $17.35 for 2023 vintage allowances) than the auction floor price established by CARB ($16.68). $424 Million Already Allocated to Certain Programs.
https://lao.ca.gov/LAOEconTax/Article/Detail/588

2009 Initiative Analysis: Honor in Office Act (Amendment #1-S)

Proposal This measure amends the Constitution to require a Member of the Legislature to sign certifications—described in the measure and summarized below—under penalty of perjury before he or she votes in favor of any bill on the floor of the Senate or the Assembly.
https://lao.ca.gov/ballot/2009/090342.aspx

The 2022-23 Budget: Cap-and-Trade Expenditure Plan

Jan 25, 2022 - As shown in Figure 2, the administration’s revenue assumptions in both 2021‑22 and 2022‑23 are slightly below our low revenue scenario, where we assume all allowances sell at the floor price. Although the administration also assumes that all allowances will sell at the floor price, its estimates of the number of allowances offered and the level of the floor price are slightly lower than ours.
https://lao.ca.gov/Publications/Report/4496

May 2021 Cap-and-Trade Auction Update [EconTax Blog]

May 28, 2021 - The May prices were also more than $1 above the auction floor price established by CARB ($17.71 for both vintages). Auction Revenue $337 Million Higher Than Governor ’s May Revision Assumes. Auction revenue is deposited in the Greenhouse Gas Reduction Fund (GGRF).
https://lao.ca.gov/LAOEconTax/Article/Detail/659

^[PDF] Legislative Integrity and Recusal

Brown Jr. 2 December 9, 2009 vote on the legislation in a legislative committee or subcommittee, or (3) cast a rollcall vote on the legislation on the floor of the Senate or Assembly. Fiscal Effect Minor Increase in State Costs.
https://lao.ca.gov/ballot/2009/090705.pdf

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

Feb 10, 2026 - The 2026-27 Budget: Cap-and-Invest Expenditure Plan $4,066 $4,221 a Revenue estimates assume allowances will sell at the same average premium above the price floor as has been the case for the last four quarters with fully subscribed auctions.
https://lao.ca.gov/Publications/Report/5114

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

Dec 9, 2025 - Additionally, and perhaps more importantly, the program ’s impacts on GHG reductions and consumer costs will be heavily dependent on CARB ’s forthcoming decisions, including the  following: Price Ceiling and Floor.
https://lao.ca.gov/Publications/Report/5097

Challenges in Reviewing Recently Released $400 Million Deferred Maintenance Project List

May 11, 2016 - These projects range widely in size —from a $1,000 flooring project at the Department of Forestry and Fire Protection (CalFire) to a $55  million roof and heating, ventilation, and air conditioning project at the Department of State Hospitals (DSH).
https://lao.ca.gov/Publications/Report/3457