July 2025

K-12 Education

K-12 Funding by Source

(Dollars in Millions Except Funding Per Student)

  2023-24
Revised		 2024-25 Revised 2025-26 Proposed Change From 2025-26
  Amount Percent
Proposition 98          
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%)
Other State          
Other General Fundb $10,661c $9,433 $8,434 -$999 -10.6%
Lottery 1,880 1,635 1,635 — —
Special funds 500 168 144 -24 -14.2%
Subtotals ($13,041) ($11,235) ($10,212) (-$1,023) (-9.1%)
Other Local          
Property taxes for local facility bonds $5,650 $5,650 $5,650 — —
Other taxes, fees, and reimbursementsd 12,566 12,847 12,916 $69 0.5%
Subtotals ($18,215) ($18,497) ($18,565) ($69) (0.4%)
Federal $8,134 $8,607 $8,790 $183 2.1%
Total $134,020 $142,440 $139,622 -$2,817 -2%
           
Studentse 5,451,748 5,453,903 5,479,503 25,600 0.5%
Proposition 98 funding per student $17,358 $19,087 $18,625 -$463 -2.4%
Total funding per student 24,583 26,117 25,481 -636 -2.4%
           
a Includes $7.6 billion in 2023-24 and $405 million in 2025-26 from the Proposition 98 Reserve.
b Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, and non-Proposition 98 funding for the California State Preschool Program. Also includes operational expenses of the California Department of Education and certain other agencies.
c Includes $938 million in first-year funding for the arts education program established by Proposition 28 (2022). Under the measure, this program becomes Proposition 98 General Fund beginning in 2024-25.
d Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements.
e Reflects average daily attendance.