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

Feb 10, 2026 - We note that the language of S B  840 indicates that the methodology applies to “moneys in the fund ” and thus does not clearly limit it exclusively to auction revenues. However, the administration indicates that the intent of S B   840 was to apply the methodology only to auction revenues, consistent with historical practice.
https://lao.ca.gov/Publications/Report/5114

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

Jan 13, 2025 - The reason for the reduction is the recent voter approval of Proposition  35 (2024), which requires the state to spend less MCO tax money on offsetting General Fund spending and more money on provider rate increases.
https://lao.ca.gov/Publications/Report/4951

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

Jun 4, 2020 - On the other hand, programs that allocate money to projects through one-time grants might be able to more easily scale their programs to different funding levels. How Much Funding Can a Program Spend in the Next Year?
https://lao.ca.gov/Publications/Report/4250

Assessing California’s Climate Policies—An Overview

Dec 21, 2018 - These households would have otherwise spent the money on some other economic activity. Similarly, businesses might have otherwise used the money to increase wages for existing jobs, invest in new technologies, or expand production.
https://lao.ca.gov/Publications/Report/3911

A Framework for Evaluating State-Level Green Stimulus Proposals

Jan 5, 2021 - For example, spending a greater share of the General Fund budget on environmental projects means less money is available for other state priorities, such as education, health care, or adding to reserves.
https://lao.ca.gov/Publications/Report/4308

The 2015-16 Budget: Major Features of the Adopted Plan (Other Issues)

Jun 19, 2015 - Pursuant to existing labor contracts and administrative actions, the state annually contributes money to a trust fund to prefund retiree health and dental benefits for rank-and-file and managerial highway patrol officers.
https://lao.ca.gov/Publications/Report/3278

Framework For Cap-And-Trade Investment Plan Needs Further Development

Sep 22, 2015 - In our view, the investment plan process is an appropriate venue to have a high-level discussion of how auction proceeds should be spent —not just were the money could be spent. The science is complicated and constantly being updated.
https://lao.ca.gov/Publications/Report/3298

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Proposition  2 (2014) requires the state to spend a specified amount of money (determined through a budgetary formula) each year towards eligible liabilities. It has been state policy to satisfy this requirement through the state ’s General Fund contributions to prefund retiree health benefits and annual supplemental pension payments to the California Public Employees Retirement System (CalPERS).
https://lao.ca.gov/Publications/Report/5081/

Addressing California’s Convenience Zone Recycling Center Closures

May 16, 2016 - How Do CZ Recycling Centers Make Money? As shown in Figure 2, CZ recyclers earn money from two main sources: the sale of collected scrap material and payments from the Beverage Container Recycling Fund (BCRF) —processing payments, handling fees, and administrative fees.
https://lao.ca.gov/Publications/Report/3466

Allocating Utility Wildfire Costs: Options and Issues for Consideration

Jun 21, 2019 - Neither the Governor ’s Strike Force nor the S B  901 Commission propose a specific amount of money for the fund. However, our understanding is that the liquidity ‑fund would be smaller than the wildfire fund discussed below.
https://lao.ca.gov/Publications/Report/4079