July 2025

Proposition 98 Overview

Proposition 98 Funding by Segment and Source

(Dollars in Millions Except Funding Per Student)

  2023-24
Final		 2024-25
Revised		 2025-26
Enacted		 Change From 2024-25
  Amount Percent
K-12 Education          
General Funda $67,295 $76,015 $72,672 -$3,343 -4.4%
Local property tax 27,336 28,086 29,382 1,297 4.6   
   Subtotals ($94,630) ($104,101) ($102,055) (-$2,046) (-2.0%)
California Community Colleges          
General Fund $8,133 $9,242 $8,520 -$721 -7.8%
Local property tax 4,135 4,232 4,438 207 4.9   
   Subtotals ($12,267) ($13,473) ($12,959) (-$514) (-3.8%)
Reserve Deposit/Withdrawal (+/-)b -$8,413 $455 -$455 -$910 -200.0%
Settle Up (Unallocated Funds)c — $1,917 — -$1,917 -100.0%
   Totals $98,484 $119,946 $114,558 -$5,387 -4.5%
           
Enrollment          
K-12 attendance 5,451,748 5,453,903 5,479,503 25,600 0.5%
Community College FTE students 1,094,169 1,090,297 1,072,066 -18,231 -1.7   
Funding Per Student          
K-12 Education $17,358 $19,087 $18,625 -$463 -2.4%
California Community Colleges 11,211 12,357 12,088 -270 -2.2   
           
a Includes funding for instruction provided directly by state agencies and the portion of State Preschool funded through Proposition 98.
b Proposition 98 Reserve established by Proposition 2 (2014). Amounts consist entirely of General Fund.
c The state would be required to allocate this amount for schools and community colleges in the future, assuming no changes to the estimate of the Proposition 98 guarantee. Amount consists entirely of General Fund.
FTE = full-time equivalent.