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May 2017

Proposition 98 Overview

May Revision Funds Above the Minimum Guarantee Each Year of Period

(In Millions)

  2015-16 2016-17 2017-18
Estimated Minimum Guaranteea    
General Fund $48,991 $50,023 $52,251
Local property tax 19,679 20,787 21,749
Total $68,671 $70,810 $74,000
       
May Revision Proposed Funding    
General Fund $49,424 $50,602 $52,852
Local property tax 19,679 20,787 21,749
Total $69,103 $71,390 $74,601
       
Difference      
General Fund $433 $580 $601
Local property tax 0 0 0
Total $433 $580 $601
 
a Assumes the state funds at the level required to meet the minimum guarantee each year. Reflects May Revision estimates of General Fund revenue.