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

Feb 10, 2026 - As displayed in Figure 2, the administration proposes to use $615 million of the $750 million in additional revenues to support the following activities, thus leaving a projected GGRF fund balanceof$135 million at the end of 2026‑27: CalFire Backfill.
https://lao.ca.gov/Publications/Report/5114

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This change is estimated to reduce state r evenues by $135  million in fiscal year 2025-26 and $85  million annually thereafter. Excludes Wildfire Settlements From State Income Taxation. The budget package provides a blanket exemption for settlements related to any wildfire occurring between tax years 2021 and 2029.
https://lao.ca.gov/Publications/Report/5081

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

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/Report/5042

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

California’s Cap-and-Trade Program: Frequently Asked Questions

Oct 24, 2023 - More recently, Chapter  135 of 2017 (AB  398, Garcia) authorized the program through 2030 and modified certain aspects of the program design, including placing new limits on the use of offsets and making some changes to the distribution of free allowances.
https://lao.ca.gov/Publications/Report/4811

Assessing California’s Climate Policies—Residential Electricity Rates in California

Jan 7, 2025 - This report is submitted pursuant to Chapter  135 of 2017 (A B  398 , E. Garcia), which requires our office to report annually on the economic impacts and benefits of the state ’s GHG emissions reduction targets.
https://lao.ca.gov/Publications/Report/4950

Assessing California’s Climate Policies—Agriculture

Dec 15, 2021 - Chapter 135 of 2017 (AB 398, E. Garcia) requires our office to annually report on the economic impacts and benefits of California’s statutory greenhouse gas emission targets.
https://lao.ca.gov/Publications/Report/4483

Assessing California’s Climate Policies—Agriculture [Publication Details]

Dec 15, 2021 - Chapter 135 of 2017 (AB 398, E. Garcia) requires our office to annually report on the economic impacts and benefits of California’s statutory greenhouse gas emission targets.
https://lao.ca.gov/Publications/Detail/4483

The 2023-24 California Spending Plan: Resources and Environmental Protection

Oct 16, 2023 - The budget includes up to $135  million General Fund for contingencies related to the 2023 storms: $40  million split equally between the communities of Planada in Merced County and Pajaro in Monterey County (which experienced severe damage and displacement from the storms), and $95  million for other response and recovery activities.
https://lao.ca.gov/Publications/Report/4807

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - . $135  million for a variety of other grant and loan programs aimed at helping small businesses, with a focus on those from underserved communities. Also, the budget provides $25  million to the Governor ’s Office of Business and Economic Development for cultural institutions.
https://lao.ca.gov/Publications/Report/4309