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

May 7, 2025 - Assembly Bill  32 gave CARB almost complete discretion over how to design the cap ‑and ‑trade program. Since the program ’s establishment, much of the Legislature ’s role has revolved around how to spend GGRF revenues, including establishing ongoing statutory allocations and selecting discretionary allocations on an annual basis.
https://lao.ca.gov/Publications/Report/5042

Assessing California’s Climate Policies: Cap-and-Trade Reauthorization [Publication Details]

May 7, 2025 - This report is intended to help inform legislative decision-making around reauthorization of the cap-and-trade program. It is submitted pursuant to Chapter 135 of 2017 (AB 398, Garcia), which requires our office to report annually on the economic impacts and benefits of the state’s greenhouse gas emissions reduction targets.
https://lao.ca.gov/Publications/Detail/5042

Assessing California’s Climate Policies—Residential Electricity Rates in California [Publication Details]

Jan 7, 2025 - This report explores key questions that frequently emerge around residential electricity rates in California, including why electricity rates are relatively high, some resulting implications for ratepayers and state climate change goals, and notable emerging issues.
https://lao.ca.gov/Publications/Detail/4950

Assessing California’s Climate Policies—Residential Electricity Rates in California

Jan 7, 2025 - Chapter  488 of 2006 (A B  32 , N ú ñez) established the goal of limiting GHG emissions statewide to  1990 levels by 2020. In 2016, Chapter  249 (S B  32 , Pavley) extended the limit to  40  percent below  1990 levels by  2030.
https://lao.ca.gov/Publications/Report/4950

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

Feb 12, 2025 - The two proposals  include: Clean Energy Reliability Investment Plan (CERIP) Fund Shift ($32   Million Shift From GGRF to Proposition   4). The Governor proposes shifting $32  million of planned spending to implement CERIP from GGRF to Proposition  4.
https://lao.ca.gov/Publications/Report/4960

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - In particular, we offer background information; comments on revenue trends, CDTFA ’s enforcement activities, and the AB  3218 budget change proposal (BCP); and questions that budget subcommittees may wish to ask about these issues.
https://lao.ca.gov/Publications/Report/4966

The 2025-26 Budget: Department of Financial Protection and Innovation

Apr 3, 2025 - Under AB  1864, the department has broad authority to oversee those same entities as well as any firm or person providing consumer financial products or services. New industries now under department oversight include those providing private postsecondary education financing and debt relief.
https://lao.ca.gov/Publications/Report/5025

Cannabis Tax Revenue Update (2024 Q4) [EconTax Blog]

Mar 6, 2025 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. This law also requires the administration to increase the retail excise tax rate effective July 1, 2025.
https://lao.ca.gov/LAOEconTax/Article/Detail/824

Cannabis Tax Revenue Update (2024 Q4) [EconTax Blog]

Mar 6, 2025 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. This law also requires the administration to increase the retail excise tax rate effective July 1, 2025.
https://lao.ca.gov/LAOEconTax/article/Detail/824

Firearms and Ammunition Revenue Update [EconTax Blog]

Feb 21, 2025 - Firearms and Ammunition Revenue Update [EconTax Blog] Firearms and Ammunition Revenue Update February 21, 2025 Seth Kerstein Beginning July 2024, Chapter 231 of 2023 (AB 28, Gabriel) imposed an 11 percent excise tax on retail sales of firearms, firearm precursor parts, and ammunition, with some exemptions.
https://lao.ca.gov/LAOEconTax/article/Detail/823