Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Administration proposes cap‑and‑trade extension and shifting Cal Fire costs into GGRF; analysts urge caution
Summary
The administration asked the Legislature to extend California’s cap‑and‑trade program and work on a greenhouse‑gas expenditure plan that would channel revenues into priorities including high‑speed rail and to shift some Cal Fire costs to the GGRF; the Legislative Analyst’s Office urged more time and clearer statutory direction.
The administration proposed reauthorizing California's cap‑and‑trade program (rebranded in proposal materials as "cap‑and‑invest") and asked the Legislature to work with the administration on a greenhouse gas reduction fund (GGRF) expenditure plan. The May Revision identifies two high priorities: ongoing support for the high‑speed rail authority (a proposal to provide at least $1 billion per year) and shifting a portion of Cal Fire's spending from the general fund to the GGRF to relieve near‑term general‑fund pressure.
Department of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
