The 2025-26 California Spending Plan: Transportation

Oct 16, 2025 - Starting in 2026-27, the legislation establishes fixed annual amounts of $400  million for TIRCP and $200  million for LCTOP. (To the extent that GGRF revenues are insufficient to fully cover the statutory amounts designated for continuous appropriations, funding for TIRCP, LCTOP, and other specified programs will be reduced proportionally.)
https://lao.ca.gov/Publications/Report/5077

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - Increases Revenue by Around $300   Million. The Governor ’s budget proposes to change the rules about how taxable profits are determined for financial institutions. The administration estimates this change would increase revenues on an ongoing basis by around $300  million per year.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Transportation Proposals

Feb 12, 2025 - These actions include shifting nearly $300 million in previous General Fund augmentations for climate‑ and environmental‑related programs to instead be supported by the new Proposition 4 climate bond.
https://lao.ca.gov/Publications/Report/4961

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - The Governor proposes $800  million from the General Fund over two years —$400  million in 2022 ‑23 and 2023 ‑ 24 —to implement various efforts to improve forest health and make communities more resilient to future wildfires.
https://lao.ca.gov/Publications/Report/4492

The 2023-24 California Spending Plan: Transportation

Oct 16, 2023 - However, transit agencies estimated that without the additional resources provided by this budget package, the annual statewide operational funding shortfalls could have totaled around $300  million in 2023-24 and grown to about $1.9  billion by 2025-26.
https://lao.ca.gov/Publications/Report/4804

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - While the fiscal impact of this reauthorization would be small in the budget window —an estimated $300  million in 2023 ‑ 24 —the effect would be much larger in future years, rising to roughly $2  billion in General Fund savings as early as 2024 ‑25.
https://lao.ca.gov/Publications/Report/4662

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

Dec 13, 2023 - (We estimate that RIF revenues would total $400 million under the Reference Scenario by 2034 ‑35.) However, as highlighted in Figure 8, RIF does not generate enough revenue to offset overall declines in fuel tax revenues under either scenario.
https://lao.ca.gov/Publications/Report/4821

The 2022-23 Budget: Transportation Infrastructure Package

Feb 15, 2022 - Climate Adaptation Programs ($400   Million). The Governor ’s budget includes funding for (1)  Caltrans to plan and implement state climate adaptation projects, (2)  CTC to administer a new competitive grant program to implement local climate adaptation projects, and (3)  Caltrans to administer a new competitive program to support local adaptation planning that identifies transportation system vulnerabilities and climate ‑related risks.
https://lao.ca.gov/Publications/Report/4536

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - The two centers would also create additional capacity for 300 additiona l commercial drive tests per month. If the requested funding is approved, DMV expects the two new centers to open by spring 2023.
https://lao.ca.gov/Publications/Report/4540

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - The May Revision includes roughly 400 new proposals. While the surplus is large enough to make significant inroads in addressing a few key policy priorities, it is unlikely sufficient to do so across the number of issues contemplated in the May Revision.
https://lao.ca.gov/Publications/Report/4432