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

Jan 13, 2025 - Increases Revenue by Around $300   Million. The Governor ’s budget proposes to change the rules about how taxable profits are determined for financial institutions. The administration estimates this change would increase revenues on an ongoing basis by around $300  million per year.
https://lao.ca.gov/Publications/Report/4951

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

Feb 18, 2025 - These actions include shifting nearly $300 million in previous General Fund augmentations for climate‑ and environmental‑related programs to instead be supported by the new Proposition 4 climate bond.
https://lao.ca.gov/Publications/Report/4967

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

May 27, 2025 - The language removes the requirements that DWR (1)  obtain an appraisal before trying to first negotiate with the owner and (2)  provide a written statement to the property owner about the basis for what it considers just compensation when taking land by eminent domain.
https://lao.ca.gov/Publications/Report/5053

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

May 27, 2025 - This post describes and raises issues for legislative consideration about two proposed trailer bills related to (1) the Delta Conveyance Project and (2) water quality control plans.
https://lao.ca.gov/Publications/Detail/5053

Cap-and-Trade Program: Key Choices Ahead [Publication Details]

May 8, 2025 - Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy and Senate Environmental Quality Committee
https://lao.ca.gov/Publications/Detail/5038

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

May 30, 2025 - The California Constitution requires the state to reimburse local governments when (1)  new state laws or regulations mandate that they implement a new program or higher level of service and (2)  the local government does not have offsetting revenues —such as fees or federal funds —available to cover the associated costs.
https://lao.ca.gov/Publications/Report/5054

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

May 19, 2025 - Specifically, continuous appropriations (1)  reduce legislative oversight by eliminating a natural opportunity for the Legislature to regularly review and revisit the allocations through the annual budget process and (2)  make it more challenging for the Legislature to flexibly respond to evolving priorities and budget conditions.
https://lao.ca.gov/Publications/Report/5049

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

May 7, 2025 - The Legislature faces important decisions about (1)  the level of GHG reductions it wants to achieve through the program, recognizing that more significant reductions will be necessary to meet legislatively established GHG reduction targets, and (2)  how to achieve its preferred level of GHG reductions.
https://lao.ca.gov/Publications/Report/5042

The 2025-26 Budget: State Mandate—Santa Ana Regional Water Quality Control Board

May 5, 2025 - The California Constitution requires the state to reimburse local governments when (1)  new state laws or regulations mandate that they implement a new program or higher level of service and (2)  the local government does not have offsetting revenues —such as fees or federal funds —available to cover the associated costs.
https://lao.ca.gov/Publications/Report/5039

Proposed Proposition 4 Spending Plan [Publication Details]

Feb 27, 2025 - Presented to: Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy
https://lao.ca.gov/Publications/Detail/4995