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May revision seeks $1.5 billion GGRF shift to CAL FIRE, at least $1 billion annually for high‑speed rail; LAO urges caution
Summary
The administration’s May budget revision asks lawmakers to shift roughly $1.5 billion from the general fund into the Greenhouse Gas Reduction Fund for Cal Fire operations and proposes at least $1 billion annually for high‑speed rail; the Legislative Analyst’s Office urged caution, noting auction volatility and federal funding risks.
The administration’s May revision to the budget dropped a pair of high‑profile priorities on the table: a shift of about $1.5 billion from the general fund into the Greenhouse Gas Reduction Fund (GGRF) to support Cal Fire operations and a proposal to deliver at least $1 billion annually in GGRF for high‑speed rail.
Rachel Ehlers of the Legislative Analyst’s Office told the subcommittee the LAO finds the governor’s revenue assumptions "reasonable" and endorses multi‑year approaches. But she also cautioned lawmakers the GGRF is auction‑driven and volatile. "You do not need to make these decisions in the next couple of weeks," Ehlers said, urging the Legislature to take time on major policy choices and emphasizing the need to preserve…
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