Overview of New Updates to the Cap-and-Invest Program

Dec 9, 2025 - Extension Helps Ensure Key Climate Strategy Can Continue … The continued operation of the cap ‑and ‑invest program through 2045, as authorized by A B  1207 , could be a key tool in helping the state achieve its climate goals cost ‑effectively.
https://lao.ca.gov/Publications/Report/5097

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

Mar 18, 2026 - We then discuss key findings about the current draft plan update, highlighting the potential benefits of VAs, key uncertainties about implementation of VAs, questions about the potential effectiveness of VAs or regulatory changes to protect native fish, and the urgency of board action.
https://lao.ca.gov/Publications/Report/5163

The 2026-27 Budget: Proposed Elimination of State Environmental Positions

Feb 17, 2026 - Some CDFW positions also administer various permits, a key function to ensure that projects —from habitat restoration to infrastructure and housing development —can be completed with less damage to the environment.
https://lao.ca.gov/Publications/Report/5124

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - Key Program Details Are Lacking, Making a Thorough Assessment Impossible … The  administration has not yet determined key details on the proposed program ’s structure, such as the duration of the program, the number of incentives to be provided, or the amount of each incentive.
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - As such, these proposed appropriations represent a key opportunity for the Legislature to articulate its priorities and provide guidance about how specifically these funds will be spent, to the degree it has any.
https://lao.ca.gov/Publications/Report/5115

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

Feb 10, 2026 - A few key reasons explain these year ‑over ‑year changes. First, the 2024 ‑25 and 2025 ‑26 totals include significant one ‑time General Fund spending that the state dedicated for these departments a few years ago when it had surpluses.
https://lao.ca.gov/Publications/Report/5116

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

Feb 10, 2026 - Moreover, while one key near‑term source of program uncertainty was resolved with its statutory extension, some remaining factors could potentially still create a heightened level of revenue unpredictability in the next couple of years.
https://lao.ca.gov/Publications/Report/5114

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

May 7, 2025 - We also highlight some key decision points —and policy options —that the Legislature might want to consider, depending on how it weighs its different policy priorities. Figure  7 provides a summary of these policy options.
https://lao.ca.gov/Publications/Report/5042

Cap-and-Trade Program: Key Choices Ahead [Publication Details]

May 8, 2025 - Cap-and-Trade Program: Key Choices Ahead [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5038

The 2025-26 Budget: Cap-and-Trade Reauthorization and Greenhouse Gas Reduction Fund Proposals at May Revision

May 19, 2025 - Specifically: Key Cost and Plan Information Still Missing. Under existing statute, the High-Speed Rail Authority (HSRA) was supposed to provide a Project Update Report by March  1 including updated cost and schedule information.
https://lao.ca.gov/Publications/Report/5049