The 2025-26 Budget: Transportation Proposals

Feb 12, 2025 - The proposed funds to be transferred to MVA consist of $49  million from unallocated projected discretionary GGRF revenues and $32  million that would be “freed up ” by shifting some prior planned GGRF expenditures for clean energy activities to the Proposition  4 climate bond.
https://lao.ca.gov/Publications/Report/4961

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

Feb 24, 2023 - For instance, Chapter  249 of 2016 (S B  32 ,  Pavley) updated the state ’s GHG reduction limit from 1990  levels by 2020 to 40  percent below 1990  levels by 2030. Chapter  337 of 2022 (A B  1279 , Muratsuchi) requires the state to achieve net ‑zero GHG emissions by 2045.
https://lao.ca.gov/Publications/Report/4708

Assessing California’s Climate Policies—Implications for State Transportation Funding and Programs

Dec 13, 2023 - Specifically, compared to 2023‑24, by 2034‑35 gasoline excise tax revenues decrease by $5 billion (64 percent), diesel excise tax revenues decrease by about $290 million (20 percent), and diesel sales tax revenues decrease by about $420 million (32 percent).
https://lao.ca.gov/Publications/Report/4821