Cap-and-Invest: November 2025 Auction Update and 2026-27 Budget Context

Dec 9, 2025 - Revenues May Not Be Sufficient to Fully Support Statutory Allocations and Legislative Intent for 2026-27 … As illustrated in Figure  1, cap-and-invest auction revenues have varied across months and years, and multiple influencing factors make them difficult to predict.
https://lao.ca.gov/Publications/Report/5096

The 2025-26 Budget: May Revision Trailer Bill Proposals on the Delta Conveyance Project and Water Quality Control Plans

May 27, 2025 - Understanding the impact of each individual change, how they interact, and the range of possible outcomes w ill be important. Our recommendation to defer action on this proposal reflects our view that the Legislature should have sufficient time to fully consider both the broader project and the proposal ’s specific provisions.
https://lao.ca.gov/Publications/Report/5053

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

Feb 10, 2026 - Assessment Administration’s Revenue Estimates Appear Reasonable, but GGRF Revenues Remain Difficult to Predict. Based on currently available information, DOF’s 2026‑27 GGRF revenue forecast appears reasonable.However, GGRF revenues are inherently somewhat unpredictable.
https://lao.ca.gov/Publications/Report/5114

The 2024-25 Budget: Sustainable Funding for the Department of Pesticide Regulation

Mar 5, 2024 - For instance, a single tax rate is easier for the state to administer and offers a more predictable revenue stream. It  also is simpler and more predictable for the entities that pay the tax. A flat increase also aligns with the recommendations in the independent contractor ’s report.
https://lao.ca.gov/Publications/Report/4873

The 2025-26 Budget: Cap-and-Trade Expenditure Plan

Feb 12, 2025 - Predicting how the cap ‑and ‑trade market will behave and forecasting corresponding GGRF revenues are always subject to some uncertainty. However, a couple of factors may contribute to more uncertainty than usual for this exercise over the next several years.
https://lao.ca.gov/Publications/Report/4960

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

Reducing the Destructiveness of Wildfires: Promoting Defensible Space in California

Sep 30, 2021 - A key strategy for reducing home losses during wildfires is for homeowners to maintain an area free of excess or dead vegetation around their homes, known as defensible space.
https://lao.ca.gov/Publications/Report/4457

The 2024-25 Budget: CalFire—Implementation of a 66-Hour Workweek

Mar 19, 2024 - Also, because the proposal would result in higher overall staffing levels at CalFire, it could increase firefighting capacity and thus somewhat reduce the amount of overtime any individual firefighter might be asked to w ork.
https://lao.ca.gov/Publications/Report/4886

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - A recent scientific  study  by United States Geological Survey researchers predicted that under scenarios of three feet to six feet of sea‑level rise, up to two‑thirds of Southern California beaches may become completely eroded by 2100.
https://lao.ca.gov/Publications/Report/4575

The 2024-25 Budget: Cap-and-Trade Expenditure Plan

Feb 20, 2024 - We believe DOF ’s new approach is likely to yield more accurate revenue predictions. We Estimate More GGRF Could Be Available for Discretionary Spending, but Projections Carry Considerable Uncertainty.
https://lao.ca.gov/Publications/Report/4847