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

May 7, 2025 - In year s where auction revenues are comparatively high, this would free up additional GGRF for spending on other legislative priorities while still providing certain and consistent funding streams to the existing  programs.
https://lao.ca.gov/Publications/Report/5042

The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - These free allowances are intended to protect electric consumers from significant cost increases associated with the program. To that end, utilities are required to consign most of these free allowances to auction and use the proceeds to provide rebates to consumer s, known as the “California Climate Credit. ” These rebates currently are provided to residential customers each year in April and October.
https://lao.ca.gov/Publications/Report/5120

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

Feb 10, 2026 - (This is true even under the Governor ’s higher revenue projections, as the administration ’s proposal includes actions to free up capacity for new spending proposals, including creating a settle ‑up obligation for schools and community colleges and suspending a transfer to the state ’s rainy day fund.)
https://lao.ca.gov/Publications/Report/5116

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

Dec 9, 2025 - Making Program Allocations Fixed Amounts Frees Up Funding for Other Legislative Priorities if Revenues Are Comparatively High. By changing from percentage ‑based to fixed allocations for existing programs, S B  840 effectively caps the amount of funding provided to these programs at predetermined, set amounts.
https://lao.ca.gov/Publications/Report/5097

The 2025-26 Budget: Natural Resources and Agriculture Discretionary Spending Proposals

Feb 18, 2025 - As a result, every dollar of new spending essentially requires making offsetting reductions elsewhere in the 2025 ‑26 budget or foregoing the opportunity to leave money in state reserves to prepare for future budget challenges.
https://lao.ca.gov/Publications/Report/4967

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

Feb 24, 2026 - Additionally, APCF potentially could be used to support some activities currently being funded with GGRF, thereby freeing up those dollars to help fund other priorities. ZEV Proposal Does Not Meet High Bar for New Expenditures.
https://lao.ca.gov/Publications/Report/5140

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

Feb 10, 2026 - (The Governor also proposes providing $85 million from the Air Pollution Control Fund—similarly freed up from undoing the previously‑approved MVA fund transfer—to support this new ZEV program, for a total of $200 million.)
https://lao.ca.gov/Publications/Report/5114

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

Oct 24, 2023 - Figure 5
https://lao.ca.gov/Publications/Report/4811

The 2025-26 Budget: Proposition 4 Spending Plan

Feb 12, 2025 - Given the risks and uncertainties surrounding state costs from recent fires, the availability of federal funding, and the state’s overall revenue condition, the Legislature may need to rely on Proposition 4 to free up General Fund or GGRF to help maintain existing high‑priority baseline programs.
https://lao.ca.gov/Publications/Report/4958

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

Oct 16, 2025 - The budget includes $9  million from the General Fund for carbon-free energy projects. This includes (1) $5  million to support nuclear fusion projects, including related to the Fusion Research and Development Innovation Initiative; and (2) $4  million for the CADEMO offshore wind project, which is planned off the coast of Point Arguello (near Vandenberg Space Force Base).
https://lao.ca.gov/Publications/Report/5080