May 2017

Proposition 98 Overview

May Revision Increases Proposition 98 Funding Across the Period

(In Millions)

  2015-16 2016-17 2017-18
Governor's Budget      
General Fund $48,989 $50,330 $51,351
Local property tax 19,681 21,038 22,160
Total $68,671 $71,368 $73,511
       
May Revision       
General Fund $49,424 $50,602 $52,852
Local property tax 19,679 20,787 21,749
Total $69,103 $71,390 $74,601
       
Change       
General Fund $435 $273 $1,500
Local property tax -2 -251 -411
Total $433 $22 $1,090