California’s Cap-and-Trade Program: Frequently Asked Questions

Oct 24, 2023 - Chapter  488 of 2006 (AB  32, N ú ñez) established the target of limiting GHG emissions statewide to the 1990 level by 2020. 2030.  Chapter  249 of 2016 (SB  32, Pavley) extended the limit to at least 40  percent below the 1990 level by 2030. 2045.  
https://lao.ca.gov/Publications/Report/4811

The 2023-24 Budget: Proposed Energy Policy Changes

Mar 10, 2023 - Emissions have decreased since AB 32 was enacted and the state achieved its 2020 goal a year early. However, the rate of reductions needed to reach the SB 32 target are much greater. Chapter 337 of 2022 (AB 1279, Muratsuchi) established an additional objective, requiring the state to achieve carbon neutrality by 2045.
https://lao.ca.gov/Publications/Report/4735

Summary of Major 2022 Climate and Energy Legislation

Jan 6, 2023 - Chapter  488 of 2006 (AB  32, N ú ñez) established the goal of limiting GHG emissions statewide to 1990 levels by 2020 and gave CARB regulatory authority to achieve the maximum cost-effective and technologically feasible emissions reductions.
https://lao.ca.gov/Publications/Report/4660

Cannabis Tax Revenue Update [EconTax Blog]

May 31, 2024 - Looking further ahead, our preliminary revenue projection for 2024-25 is $727 million, which is $32 million above the May Revision forecast for 2024-25.  
https://lao.ca.gov/LAOEconTax/article/Detail/805

Cannabis Tax Revenue Update [EconTax Blog]

May 31, 2024 - Looking further ahead, our preliminary revenue projection for 2024-25 is $727 million, which is $32 million above the May Revision forecast for 2024-25.  
https://lao.ca.gov/LAOEconTax/Article/Detail/805

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

Sep 12, 2024 - Notably, this includes $32  million from the General Fund for the acquisition phase of a project to build a new training center for CalFire. (In total, the training center project is anticipated to cost $632  million, with additional funding to be requested in future years.)
https://lao.ca.gov/Publications/Report/4928

Cannabis Tax Revenue Update (2024 Q2) [EconTax Blog]

Sep 4, 2024 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Second Quarter of 2024: $154 Million. The administration currently estimates that retail excise tax revenue was $154 million in the second quarter of calendar year 2024 (April through June).
https://lao.ca.gov/LAOEconTax/Article/Detail/812

Cannabis Tax Revenue Update (2024 Q2) [EconTax Blog]

Sep 4, 2024 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Second Quarter of 2024: $154 Million. The administration currently estimates that retail excise tax revenue was $154 million in the second quarter of calendar year 2024 (April through June).
https://lao.ca.gov/LAOEconTax/article/Detail/812

The 2023-24 Budget: CalRecycle’s Zero Waste Plan Proposal [Publication Details]

Feb 28, 2023 - In this brief, we analyze the Governor’s 2023-24 budget proposal to provide funding from various special funds for the California Department of Resources Recycling and Recovery to develop and implement a zero waste plan. Updated (3/2/23): Date of SB 54 requirement was corrected.
https://lao.ca.gov/Publications/Detail/4719

The 2023-24 Budget: CalRecycle’s Zero Waste Plan Proposal

Feb 28, 2023 - The proposal indicates that the zero waste plan would recommend programmatic and statutory changes needed for the state to meet and exceed the goal established under AB 341 by 2035. As mentioned earlier, the state has not yet been able to make significant progress towards meeting the current statutory AB 341 goal.
https://lao.ca.gov/Publications/Report/4719