The 2025-26 Budget: Transportation Proposals

Feb 12, 2025 - These actions include shifting nearly $300 million in previous General Fund augmentations for climate‑ and environmental‑related programs to instead be supported by the new Proposition 4 climate bond.
https://lao.ca.gov/Publications/Report/4961

The 2024-25 Spending Plan: Transportation

Sep 10, 2024 - Given the $9  billion in Proposition  1A bond authority for the high-speed rail project, this action increases the maximum amount of Proposition  1A funding available to HSRA for administrative purposes from $225  million to $450  million.
https://lao.ca.gov/Publications/Report/4925

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

Jan 13, 2025 - The proposal would then provide a like amount of funding from Proposition  4, the climate bond approved by voters in November 2024. This  would result in maintaining prior funding levels for these activities but would preclude this amount of Proposition  4 funds from supporting expanded service levels or additional projects.
https://lao.ca.gov/Publications/Report/4951

The 2022-23 California Spending Plan: Transportation

Sep 29, 2022 - This decrease is largely a result of $4.2  billion in one-time Proposition  1A funding provided in 2021-22. Proposition  1A Appropriation and Budget Trailer Legislation. The budget package appropriates essentially all of the remaining unappropriated Proposition  1A bond funds —$4.2   billion —for the high-speed rail project in 2021-22.
https://lao.ca.gov/Publications/Report/4628

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

Jan 13, 2022 - Proposition  2 (2014) established the Proposition  98 Reserve and set forth rules requiring deposits and withdrawals under certain conditions. Generally, the state is required to deposit Proposition  98 funding into the account when revenue from capital gains is relatively strong and the minimum guarantee is growing faster than per capita personal income.
https://lao.ca.gov/Publications/Report/4492

The 2024-25 Budget: Establishing the Office of the Inspector General for the High-Speed Rail Authority

Feb 8, 2024 - As part of an agreement to appropriate the remaining unappropriated Proposition  1A bond funds for HSRA, the Legislature adopted Chapter  71 of 2022 (SB  198, Committee on Budget and Fiscal Review). Among other provisions, Chapter  71 created the HSRA OIG to improve oversight of the high-speed rail project and provide accurate, current, and impartial information to inform project decisions.
https://lao.ca.gov/Publications/Report/4833

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - The constitution requires the state to spend minimum annual amounts on schools and community colleges (under Proposition  98) and budget reserves and debt payments (under Proposition  2). Mainly as a result of higher revenues, relative to January, constitutionally required spending is higher by nearly $16  billion across the budget window.
https://lao.ca.gov/Publications/Report/4432