K-12 Funding by Source [EdBudget]

January 2026

K-12 Funding by Source

(Dollars in Millions Except Funding Per Student)

	2024-25 Revised	2025-26 Revised	2026-27 Proposed	Change From 2025-26
	2024-25 Revised	2025-26 Revised	2026-27 Proposed	Amount	Percent
Proposition 98
General Fund	$77,558	$72,807	$80,913^a	$8,106	11.1%
Local property tax	28,302	29,389	30,819	1,430	4.9
Subtotals	($105,859)	($102,197)	($111,732)	($9,535)	(9.3%)
Other State
Other General Fund^b	$9,508	$8,863	$8,389	-$473	-5.3%
Lottery	1,554	1,660	1,660	—	—
Special funds	112	156	172	15	9.9
Subtotals	($11,173)	($10,679	($10,221)	(-$458)	(-4.3%)
Other Local
Property taxes for local facility bonds	$5,650	$5,650	$5,650	—	—
Other taxes, fees, and reimbursements^c	12,911	12,984	13,123	$139	1.1%
Subtotals	($18,561)	($18,634)	($18,773)	($139)	(0.7%)
Federal	$8,356	$8,880	$8,623	-$257	-2.9%
Totals	$143,950	$140,389	$149,349	$8,959	6.4%

Students^d	5,432,158	5,463,664	5,447,073	-16,591	-0.3%
Proposition 98 funding per student	$19,488	$18,705	$20,512	$1,807	9.7
Total funding per student	26,500	25,695	27,418	1,723	6.7

^a Includes $363 million 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.
^cIncludes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements.
^d Reflects average daily attendance.