July 2026
Proposition 98 Overview
Tracking Changes in the Proposition 98 Guarantee
(In Millions)
| 2024-25 | 2025-26 | |||||||
| June 2024 (Enacted) | June 2025 (Revised) | June 2026 (Final) | Change From June 2025 | June 2025 (Enacted) | June 2026 (Revised) | Change From June 2025 | ||
| Minimum Guarantee | $115,283 | $119,946 | $124,929 | $4,983 | $114,558 | $125,260 | $10,701 | |
| Funding Provided | ||||||||
| General Fund | $82,612 | $85,711 | $92,316 | $6,604 | $80,738 | $87,746 | $7,008 | |
| Local property tax | 32,670 | 32,317 | 32,614 | 296 | 33,821 | 33,574 | -247 | |
| Totals | $115,283 | $118,029 | $124,929 | $6,900 | $114,558 | $121,320 | $6,761 | |
| Unpaid Funds (Settle Up)a | - | $1,917 | - | -$1,917 | - | $3,940 | $3,940 | |
| a The state is required to provide this amount in the future, assuming no reduction to the estimate of the guarantee. | ||||||||