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

Feb 10, 2026 - We note that the language of S B  840 indicates that the methodology applies to “moneys in the fund ” and thus does not clearly limit it exclusively to auction revenues. However, the administration indicates that the intent of S B   840 was to apply the methodology only to auction revenues, consistent with historical practice.
https://lao.ca.gov/Publications/Report/5114

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight

Mar 18, 2026 - Moreover, VAs are more flexible than traditional regulations (allowing adaptation in closer to real time), have fewer adverse impacts on water users, provide more certainty to water agencies, and could be implemented more quickly.
https://lao.ca.gov/Publications/Report/5163

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

Feb 10, 2026 - While this amendment does not yet obligate the state to make further workweek reductions, it does create a real possibility of additional policy changes that could increase annual General Fund costs by hundreds of millions of dollars.
https://lao.ca.gov/Publications/Report/5116