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

Jan 13, 2025 - New Tax Expenditures of $150   Million. The Governor ’s budget includes some revenue proposals, which would expand existing tax expenditures and create new ones. This includes increasing the existing film tax credit from $330  million to $750  million per year and excluding some military retirement income from taxation.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Transportation Proposals

Feb 12, 2025 - As we discuss in our January 2025 report, The 2025‑26 Budget: Overview of the Governor’s Budget , overall, the Governor proposes $2.2 billion in actions that would create capacity in the General Fund to support $570 million of discretionary proposals (including this proposal), $150 million of tax expenditures, and a larger discretionary reserve than the state typically plans.
https://lao.ca.gov/Publications/Report/4961

Assessing California’s Climate Policies—Implications for State Transportation Funding and Programs

Dec 13, 2023 - Would need to weigh against other, non ‑transportation state expenditure priorities. Would not be linked to rate of revenue declines from increases in fuel efficiency and ZEV adoption, meaning additional amounts would be needed over time.
https://lao.ca.gov/Publications/Report/4821

The 2024-25 Spending Plan: Transportation

Sep 10, 2024 - While this is a net reduction from the estimated 2023 ‑24 expenditure level, actual expenditures in 2024 ‑25 could be notably higher or lower than budgeted. This is because the project has access to resources —such as GGRF funds that remain unspent from prior years —that far exceed the budgeted amount.
https://lao.ca.gov/Publications/Report/4925

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - We define a delay as an expenditure reduction that occurs in the budget window (2021 ‑22 through 2023 ‑24), but has an associated expenditure increase in a future year of the multiyear window (2024 ‑25 through 2026 ‑27).
https://lao.ca.gov/Publications/Report/4662

The 2023-24 Budget: Proposed Reauthorization of AB 8 Vehicle Fees

Feb 24, 2023 - Another option the Legislature could consider is to also charge these fees to heavy ‑duty vehicle owners, given that such vehicles cause air pollution and GHG emissions at an even greater level than passenger vehicles and currently are an area of focus for expenditures of this funding.
https://lao.ca.gov/Publications/Report/4708

The 2022-23 California Spending Plan: Transportation

Sep 29, 2022 - Diesel Sales Tax Reduction. The budget includes a one-year reduction in the diesel sales tax from 13  percent to roughly 9  percent beginning October 1, 2022. This reduction is intended to provide fiscal relief from high fuel costs to drivers and businesses.
https://lao.ca.gov/Publications/Report/4628

Impact of COVID-19 on State Transportation Revenues

Sep 17, 2020 - For more information on the impact of COVID-19 on cap-and-trade auction revenues, please view our post Addressing Revenue Uncertainty in the 2020‑21 Cap-and-Trade Expenditure Plan . Pandemic Affects State Transportation Revenues in Various Ways Reduction in Vehicle Miles Traveled (VMT) and Fuel Consumption.
https://lao.ca.gov/Publications/Report/4268?utm_source=t.co&utm_medium=referral&utm_campaign=4268

The 2020-21 Spending Plan: Transportation

Oct 5, 2020 - Caltrans The budget plan includes total expenditures of $15.5  billion from various sources for Caltrans, an increase of roughly $1.8  billion (13  percent) from the 2019 ‑20 estimated spending level.
https://lao.ca.gov/Publications/Report/4272