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

Jan 13, 2025 - This is a relatively small number on a net basis, but is the result of many, much larger, offsetting differences. For example, the administration’s estimate of baseline costs in Medi‑Cal, the state’s Medicaid program, is higher than our November 2024 estimate by $3.1 billion in 2025‑26.
https://lao.ca.gov/Publications/Report/4951

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

The 2024-25 California Spending Plan: Resources and Environmental Protection

Sep 12, 2024 - As shown in Figure 3, after accounting for the use of GGRF, the 2024‑25 spending plan results in net reductions to multiyear funding for these packages totaling $4.8 billion compared to the revised 2023‑24 totals.
https://lao.ca.gov/Publications/Report/4928

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This is a net increase of $5  million (3  percent) over the revised 2024-25 level. (This does not reflect some adjustments related to Control Sections 4.05 and 4.12 of the 2024-25 and 2025-26 budgets.
https://lao.ca.gov/Publications/Report/5081

The 2026-27 Budget: Governor’s Sustainable Aviation Fuel Tax Credit Proposal

Feb 24, 2026 - To the extent this is the case, the policy would result in “shuffling, ” or replacing one lower carbon fuel with another rather than simply increasing overall use, thus limiting any net environmental benefits.
https://lao.ca.gov/Publications/Report/5139

A Framework for Evaluating State-Level Green Stimulus Proposals

Jan 5, 2021 - Moreover, current estimates suggest the state’s wildfire protection costs will reach at least $3.1 billion in 2020‑21. Projects that improve the health of the state’s forests—such as by employing mechanical thinning and prescribed burning techniques to reduce tree density and combustible fuels—could decrease the intensity and spread of future wildfire ignitions and could mitigate the types of negative impacts the state experienced this past year.
https://lao.ca.gov/Publications/Report/4308

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

Jan 13, 2022 - On the revenue side, the Governor ’s budget includes $5.5  billion to restore net operating losses and business credits and various other tax credits, which reduce SAL  revenues by a total of $6  billion.
https://lao.ca.gov/Publications/Report/4492

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

Dec 9, 2025 - Accurately predicting the net effects of the extension of the cap ‑and ‑invest program on the Legislature ’s key policy priorities —such as GHG reduction and affordability —is difficult, if not impossible.
https://lao.ca.gov/Publications/Report/5097

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

Oct 16, 2025 - The 2025-26 DWR budget is down a net $2  billion (40  percent) from the estimated 2024-25 expenditure level, due primarily to the expiration of one-time funds. Below we discuss several notable changes in the DWR budget.
https://lao.ca.gov/Publications/Report/5080

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

May 7, 2025 - However, as long as the cap is already limiting emissions from these emitters, spending on activities to reduce emissions from these same entities likely will have no net effect on overall emissions.
https://lao.ca.gov/Publications/Report/5042