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May 2018

Proposition 98 Overview

Comparing Administration's and LAO's Proposition 98 Outlooks

(Dollars in Millions)

  2017-18 2018-19 2019-20 2020-21 2021-22
May Revision          
General Fund $53,381 $55,025 $56,417 $56,660 $57,517
Local property tax 22,236 23,368 24,759 26,046 27,369
Total $75,618 $78,393 $81,176 $82,706 $84,886
           
LAO Outlook          
General Fund $53,189 $54,105 $54,909 $57,198 $59,776
Local property tax 22,399 23,864 25,334 26,870 28,442
Total $75,588 $77,970 $80,243 $84,067 $88,218
           
Difference          
General Fund -$193 -$920 -$1,508 $538 $2,259
Local property tax 163 496 575 824 1,073
Total -$30 -$423 -$933 $1,362 $3,332