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 2025-26 Budget: Various California Air Resources Board Proposals

Feb 24, 2025 - For example, on January 20, 2025, President Trump signed an Executive Order stating that it is the policy of the United States to eliminate the “electric vehicle mandate” and to terminate, “where appropriate, state emissions waivers that function to limit sales of gasoline‑powered automobiles.”
https://lao.ca.gov/Publications/Report/4980

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

May 19, 2025 - Additionally, by making the limit on offset usage up to 6  percent rather than a fixed 6  percent, the language also would allow CARB some additional flexibility —beyond what is in current law —to set the offset limit lower than the designated level.
https://lao.ca.gov/Publications/Report/5049

Assessing California’s Climate Policies—Cap-and-Trade Reauthorization

May 7, 2025 - (This estimate is based on allowance scenarios CARB has identified as part of its forthcoming rulemaking and assumes that allowance prices remain between the current price floor and ceiling, adjusted by 5  percent annually, consistent with current CARB regulations.)
https://lao.ca.gov/Publications/Report/5042

The 2025-26 Budget: May Revision Trailer Bill Proposals on the Delta Conveyance Project and Water Quality Control Plans

May 27, 2025 - If the state proceeds with the DCP, the proposed changes could speed up litigation over the project, which could in turn expedite construction and reduce costs (given that delays lead to inflationary cost increases).
https://lao.ca.gov/Publications/Report/5053

The 2025-26 Budget: Proposition 4 Spending Plan

Feb 12, 2025 - Below, we discuss our recommendations to the Legislature, which we also summarize in Figure  5 . Figure 5 Summary of Recommendations for Proposition 4 Implementation Ensure Spending Plan Reflects Legislative Priorities.
https://lao.ca.gov/Publications/Report/4958

Assessing California’s Climate Policies—Residential Electricity Rates in California

Jan 7, 2025 - Typically, the first step that rate ‑setting entities take is to determine the amount of money the utility should be allowed to recover through rates to support the main components of the electricity system and other activities.
https://lao.ca.gov/Publications/Report/4950

The 2025-26 Budget: State Mandates—Regional Water Quality Control Boards

May 30, 2025 - Background For background information on municipal stormwater permits; why CSM considers some requirements to be state-reimbursable mandates; and the role of Proposition  218 (1996), Chapter  536 of 2017 (SB  231, Hertzberg), and court decisions in determining whether local governments had sufficient authority to raise fees to pay for their costs to comply with stormwater permit requirements,
https://lao.ca.gov/Publications/Report/5054

Frequently Asked Questions About Wildfires in California

Jan 28, 2025 - In addition to spending its own money, the state requires electric utilities to dedicate funding from their ratepayers to undertake activities intended to reduce the risks of utility-sparked wildfires.
https://lao.ca.gov/Publications/Report/4952

The 2025-26 Budget: Natural Resources and Agriculture Discretionary Spending Proposals

Feb 18, 2025 - As a result, every dollar of new spending essentially requires making offsetting reductions elsewhere in the 2025 ‑26 budget or foregoing the opportunity to leave money in state reserves to prepare for future budget challenges.
https://lao.ca.gov/Publications/Report/4967