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

May 7, 2025 - To the extent the Legislature identifies other policy goals beyond GHG emission reductions and affordability —such as related to environmental quality, transportation mobility, or climate change adaptation —it could structure the program to support those goals.
https://lao.ca.gov/Publications/Report/5042

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

The 2022-23 Budget: Zero-Emission Vehicle Package

Feb 23, 2022 - The 2022-23 Budget: Zero-Emission Vehicle Package c Administration ’s estimate. d LAO estimate based on average of FARMER and AB 617 incentives. GHG = greenhouse gas; ZEV = zero ‑emission vehicle; HVIP = Hybrid and Zero ‑Emission Truck and Bus Voucher Incentive Project; CORE = Clean Off ‑Road Equipment; FARMER = Funding Agricultural Replacement Measures for Emission Reductions;
https://lao.ca.gov/Publications/Report/4561

The 2023-24 Budget: Proposed Reauthorization of AB 8 Vehicle Fees

Feb 24, 2023 - The Legislature could require the program to further prioritize these communities, such as by adding a focus on multiunit dwellings, given that existing chargers are more heavily located in affluent areas.
https://lao.ca.gov/Publications/Report/4708

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Over the last decade, two statutes —Chapter  351 of 2013 (AB  10, Alejo) and Chapter  4 of 2016 (SB  3, Leno) —gradually have increased California ’s statewide minimum wage from $8 per hour to $16 per hour.
https://lao.ca.gov/Publications/Report/4878

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

Feb 10, 2026 - GGRF = Greenhouse Gas Reduction Fund; DOF = Department of Finance; CalFire = California Department of Forestry and Fire Protection; SB  840  =  Chapter  121 of 2025 (SB 840, Lim ón); AB 617 = Chapter 136 of 2017 (AB 617, C.
https://lao.ca.gov/Publications/Report/5114

The 2025-26 California Spending Plan: Natural Resources and Environmental Protection

Oct 16, 2025 - (We plan to discuss AB  1207 and SB  840 further in a forthcoming brief.) Efficiency and Vacant Position Reductions 2025-26 Budget Implements Control Sections First Added in 2024-25. Control Sections 4.05 and 4.12 of the 2024-25 and 2025-26 budget acts directed the Department of Finance (DOF) to identify efficiencies to reduce costs without adverse effects on state services.
https://lao.ca.gov/Publications/Report/5080

Assessing California’s Climate Policies—Cap-and-Trade Reauthorization [Publication Details]

May 7, 2025 - This report is intended to help inform legislative decision-making around reauthorization of the cap-and-trade program. It is submitted pursuant to Chapter 135 of 2017 (AB 398, Garcia), which requires our office to report annually on the economic impacts and benefits of the state’s greenhouse gas emissions reduction targets.
https://lao.ca.gov/Publications/Detail/5042

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - The 2024-25 spending plan amended and added substantial new statutory language establishing the permanent rate structure —referred to as the Tiered Rate Structure —and extending the duration of the interim rate period until permanent rates can be implemented (Chapter  46 of 2024 [AB  161, Committee on Budget]).
https://lao.ca.gov/publications/report/5147