The 2025-26 Budget: Cap-and-Trade Expenditure Plan

Feb 12, 2025 - Specifically, DOF projected 2024 ‑25 auction prices of about $38  per allowance, but actual prices at the first two quarterly auctions of the fiscal year were roughly $31. Accordingly, as shown in Figure  4 , GGRF revenues in 2024 ‑25 have been somewhat lower than the administration ’s projections last spring that formed the basis of the 2024 ‑25 Budget Act ’s GGRF spending package.
https://lao.ca.gov/Publications/Report/4960

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

Jan 13, 2025 - Legislative Action in June 2024 Addressed Anticipated Budget Problem Proactively. In  June of 2024, the Legislature not only addressed the budget problem for 2024 ‑25, but also made proactive decisions to address the anticipated budget problem for 2025 ‑26.
https://lao.ca.gov/Publications/Report/4951

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

May 30, 2025 - CSM has identified four new state-reimbursable mandates since enactment of the 2024-25 Budget Act . All four concern municipal stormwater permits issued by regional water quality control boards and costs incurred by local governments prior to 2018.
https://lao.ca.gov/Publications/Report/5054

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

May 27, 2025 - In March  2024, the superior court denied the petitioners ’ combined 116 claims, ruling that SWRCB had complied with CEQA, the public trust doctrine, and other legal obligations. Another source of delay has been consideration of VAs.
https://lao.ca.gov/Publications/Report/5053

Frequently Asked Questions About Wildfires in California

Jan 28, 2025 - As of the 2024-25 fiscal year, the state has already appropriated $2.7  billion, with an additional cumulative $900  million planned to be provided in forthcoming annual state budgets through 2028-29.
https://lao.ca.gov/Publications/Report/4952

The 2025-26 Budget: Various California Air Resources Board Proposals

Feb 24, 2025 - This represents a net reduction of $240   million —or 17   percent —compared to CARB ’s estimated expenditure level in 2024 ‑25. This year ‑to ‑year decline is largely the result of a significant accumulation of unspent one ‑time funding from prior years that is included in the 2024 ‑25 amount.
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 - As highlighted in an October 2024 report by the HSRA OIG, HSRA needs to secure funds to meet most of its identified funding gap for the Merced-to-Bakersfield portion of the project before June 2026 to avoid negative impacts on its schedule.
https://lao.ca.gov/Publications/Report/5049

The 2025-26 Budget: Proposition 4 Spending Plan [Publication Details]

Feb 12, 2025 - This brief assesses the Governor’s proposals to implement Proposition 4, the $10 billion climate bond approved by voters in November 2024.
https://lao.ca.gov/Publications/Detail/4958

The 2025-26 Budget: Proposition 4 Spending Plan

Feb 12, 2025 - This brief assesses the Governor’s proposals to implement Proposition 4, the $10 billion climate bond approved by voters in November 2024.
https://lao.ca.gov/Publications/Report/4958

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

May 5, 2025 - This mandate is one of four newly identified mandates since enactment of the 2024-25 Budget Act . We will assess the other three mandates —also related to stormwater permits —after the administration proposes a course of action, potentially in the Governor ’s revised budget proposal in May.
https://lao.ca.gov/Publications/Report/5039