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

Oct 16, 2025 - The 2025-26 spending plan provides $178  million in multiyear authority —$100  million in 2025-26, $60  million in 2026-27, $12  million in 2027-28, and $6  million in 2028-29 —for the final installment plus a separate $2  million federal reimbursement agreement.
https://lao.ca.gov/Publications/Report/5080

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

Dec 9, 2025 - Wildfire and forest resilience —SB 901 f CalFire Sunsets on June 30, 2029. $200 million annually. Safe and Affordable Drinking Water Program SWRCB 5 percent of annual revenues (up to $130 million). Sunsets on June 30, 2030. $130 million annually.
https://lao.ca.gov/Publications/Report/5097

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - The bond measure includes a number of requirements to guide how funds are administered and overseen by about 30 different state agencies, departments, boards, commissions, conservancies, and offices.
https://lao.ca.gov/Publications/Report/5115

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

Feb 24, 2026 - Nearly 30  percent of all ZEV passenger vehicles sold nationwide are in California, while the state is only home to about 12  percent of the U.S. population. Federal Light ‑Duty Incentive Program Expired in Late September 2025.
https://lao.ca.gov/Publications/Report/5140

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This is a decrease of $10  million  (6  percent) from 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. Please see the “New and Ongoing Efforts to Achieve Efficiencies” section of our post for more information.)
https://lao.ca.gov/Publications/Report/5081

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

Feb 24, 2026 - For example, the amount emitters recently have had to pay for each ton of carbon dioxide equivalent they emit through the cap ‑and ‑invest program has been below $30 per ton and LCFS credits have been between $50 and $70 per ton.
https://lao.ca.gov/Publications/Report/5139

The 2025-26 Budget: Cap-and-Trade Reauthorization and Greenhouse Gas Reduction Fund Proposals at May Revision

May 19, 2025 - Additionally, by making the limit on offset usage up to 6  percent rather than a fixed 6  percent, the language also would allow CARB some additional flexibility —beyond what is in current law —to set the offset limit lower than the designated level.
https://lao.ca.gov/Publications/Report/5049

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

Jan 7, 2025 - For example, under the CARE program, eligible customers of the large IOUs receive discounts of between 30  percent and 35  percent. Approximately 30  percent of IOU customers participate in CARE. POUs generally operate similar types of programs, although they often do not provide as large of a subsidy as CARE.
https://lao.ca.gov/Publications/Report/4950

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

Sep 12, 2024 - As shown in Figure  6, the 2024 ‑25 spending plan makes a number of changes to these prior and planned appropriations to help solve the state ’s budget problem, including $1.4  billion in new reductions.
https://lao.ca.gov/Publications/Report/4928

The 2022-23 Budget: Zero-Emission Vehicle Package

Feb 23, 2022 - For example, current cap ‑and ‑trade allowance prices are about $30  per ton and Low Carbon Fuel Standard credits are about $150 per ton. (In our view, these allowance and credit prices are a reasonable proxy for the marginal costs of near ‑term GHG emission reductions from these programs.)
https://lao.ca.gov/Publications/Report/4561