The 2020-21 Budget: Climate Change Proposals [Publication Details]

Feb 13, 2020 - This report assesses the Governor’s major 2020-21 budget proposals related to climate change. The four proposals we evaluate are the Governor's (1) cap-and-trade expenditure plan ($965 million), (2) expanded climate adaptation research and technical assistance activities ($25 million), (3) new Climate Catalyst loan fund ($250 million), and (4) climate bond ($4.75 billion).
https://lao.ca.gov/Publications/Detail/4155

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Recently, corporation tax collections have grown faster than anticipated while personal income tax collections have grown somewhat slower. The administration assumes that this pattern will continue. This is because they attribute the pattern to partnerships, which are taxed under the personal income tax, changing to corporations in response to 2017 federal tax changes.
https://lao.ca.gov/Publications/Report/4135

Assessing Vulnerability of State Assets to Climate Change

Jan 9, 2020 - To what extent could there be broader financial or economic impacts from major climate-caused disasters, such as impacts on regional economies and tax revenues? Beyond Assessment —Development and Implementation of Adaptation Plans.
https://lao.ca.gov/Publications/Report/4133

Assessing California’s Climate Policies—Electricity Generation

Jan 6, 2020 - The federal government offers tax credits for wind and solar that likely were factors contributing to the increase in renewables. For example, in 2006, the federal government implemented a solar investment tax credit offering a tax deduction of up to 30  p ercent of the cost of the solar system.
https://lao.ca.gov/Publications/Report/4131

Preparing for Rising Seas: How the State Can Help Support Local Coastal Adaptation Efforts

Dec 10, 2019 - To the degree local property tax revenues drop, this also could affect the state budget because the California Constitution requires that losses in certain local property tax revenues used to support local schools be backfilled by the state ’s General Fund.
https://lao.ca.gov/Publications/Report/4121

The 2019-20 Budget: California Spending Plan—Resources and Environmental Protection [Publication Details]

Oct 17, 2019 - The 2019-20 budget includes over $12 billion for the state’s natural resources and environmental protection programs. This post describes budgetary actions related to the annual cap-and-trade expenditure plan, support for a new safe and affordable drinking water program, funding for a variety of wildfire prevention and response activities, as well as other significant changes.
https://lao.ca.gov/Publications/Detail/4103

The 2019-20 Budget: California Spending Plan—Resources and Environmental Protection

Oct 17, 2019 - Similar to 2018 ‑19, some of these allocations —specifically backfilling the State Responsibility Area (SRA) fee suspension ($76  million) and the expanded manufacturing sales tax exemption ($64  million) —are “taken off the top ” before determining continuous appropriations.
https://lao.ca.gov/Publications/Report/4103

Allocating Utility Wildfire Costs: Options and Issues for Consideration

Jun 21, 2019 - This could have some minor positive effect on the perception of the overall financial condition of the utility and, thus, reduce financing costs for other utility expenditures, including expenditures related to infrastructure, safety, reliability, and environmental benefits.
https://lao.ca.gov/Publications/Report/4079

Cap-and-Trade Expenditure Plan [Publication Details]

May 31, 2019 - Cap-and-Trade Expenditure Plan [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4063

The 2019-20 Budget: Natural Resources and Environmental Protection

Feb 14, 2019 - Moreover, the economy and tax base —both local and statewide —would be negatively affected by significant damage to certain key coastal infrastructure and other assets, such as ports, airports, railway lines, beaches and parks used for recreation, as well as high ‑technology companies located along the San Francisco Bay.
https://lao.ca.gov/Publications/Report/3933