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

Feb 10, 2026 - For example, the Metropolitan Transportation Commission in the Bay Area indicates that, consistent with the SB 125 plan it submitted to the Legislature, it programmed about $250 million of the anticipated funds which the Legislature has not yet appropriated for two Bay Area Rapid Transit expansion capital projects in order to help leverage billions of dollars in forthcoming federal support from the Capital Investment Grant Program.
https://lao.ca.gov/Publications/Report/5114

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - These chronic deficits have persisted even as the state ’s economy and revenues have grown and the Legislature has adopted solutions totaling more than $125  billion to address budget problems over the past four years, underscoring that the problem is structural rather than cyclical.
https://lao.ca.gov/Publications/Report/5116