In this report, we cover the Governor's estimates of the Proposition 98 minimum guarantee, his overall Proposition 98 spending package, and his specific Proposition 98 proposals. We also provide in-depth analysis of the Governor's proposals for the Local Control Funding Formula, preschool, education mandates, special education, county offices of education, and the High Speed Network. In addition, we include an analysis of teacher workforce trends and we highlight several issues for the Legislature to consider when exploring potentially new workforce policies.