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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: Overview of the Governor's Budget

Jan 13, 2020 - The new Climate Catalyst Revolving Loan Fund would lend money to private sector organizations for projects determined to advance the state ’s environmental goals, along with other priorities —such as creating high ‑quality jobs.
https://lao.ca.gov/Publications/Report/4135