May 2017
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 |