The 2020-21 Budget: Effect of Lower Cap-and-Trade Revenues on the High-Speed Rail Project

Jun 4, 2020 - Cap-and-Trade Is Key Fund Source for High-Speed Rail Project May Cap-and-Trade Auction Generated Little Revenue. Based on the preliminary results of the quarterly cap-and-trade auction held on May 20, 2020, the state will receive an estimated $25  million in revenue from the auction.
https://lao.ca.gov/Publications/Report/4252

The 2024-25 Budget: Transportation Budget Solutions

Feb 23, 2024 - Additional Solutions May Be Needed if Budget Problem Worsens. The Legislature likely will be seeking options for alternative budget solutions if it chooses to reject some of the Governor’s proposals.
https://lao.ca.gov/Publications/Report/4854

The 2025-26 California Spending Plan: Transportation

Oct 16, 2025 - To address General Fund shortfalls, the 2024-25 budget both reduced and adjusted the timing of awarded funding, instead planning to provide $25  million in 2025-26 and $50  million in 2026-27, all from GGRF.
https://lao.ca.gov/Publications/Report/5077

The 2026-27 Budget: California Highway Patrol Proposals

Mar 6, 2026 - Figure 1 Governor ’s Proposed CHP Equipment and Operating Costs Augmentations (In Millions) Note: Numbers may not add up due to rounding. CHP = California Highway Patrol. Assessment Concerning MVA Condition Raises the Bar for Approving New Spending.
https://lao.ca.gov/Publications/Report/5152

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

Jan 13, 2025 - Savings Proposals Generates $1.6 Billion School and Community College Settle‑Up Obligation in 2024‑25. The Governor’s budget proposes providing $1.6 billion less in total funding for schools and community colleges than the estimated constitutional minimum funding level for 2024‑25.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Transportation Proposals

Feb 12, 2025 - To the extent these declining revenue trends persist, GGRF may not have capacity to support new commitments—such as the proposed fund shift—without requiring reductions to the 2025‑26 GGRF expenditure plan that was agreed to as part of the 2024‑25 budget process.
https://lao.ca.gov/Publications/Report/4961

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - One-Time Spending The Governor proposes spending $25  billion of General Fund surplus monies on a one-time or temporary basis. The majority of these one-time proposals ($15  billion) meet the definition of capital outlay for the purposes of the SAL and are excludable.
https://lao.ca.gov/Publications/Report/4432

Review of High-Speed Rail Draft 2016 Business Plan

Mar 17, 2016 - In 2014 –15 , HSRA received $250  million in cap –and –trade auction revenues. As part of the 2014 –15 budget, the Legislature also adopted budget trailer legislation to continuously appropriate, beginning in 2015 –16 , 25  percent of annual cap –and –trade auction revenue for the planning and capital costs for Phase  I of the high –speed rail project.
https://lao.ca.gov/Publications/Report/3394

The 2020-21 Spending Plan: Transportation

Oct 5, 2020 - The budget package includes statutory changes that (1)  delay the deadline for HSRA to submit its business plan to the Legislature from May 1, 2020 to December 15, 2020 and (2)  eliminate the requirement that HSRA provide a project update report to the Legislature on or before March  1, 2021.
https://lao.ca.gov/Publications/Report/4272

The 2024-25 Budget: Establishing the Office of the Inspector General for the High-Speed Rail Authority

Feb 8, 2024 - The 2024-25 Budget: Establishing the Office of the Inspector General for the High-Speed Rail Authority The 2024‑25 Budget Establishing the Office of the Inspector General for the High-Speed Rail Authority Summary.  
https://lao.ca.gov/Publications/Report/4833