K-12 Funding by Source [EdBudget]

July 2026

K-12 Funding by Source

(Dollars in Millions Except Funding Per Student)

	2024-25 Revised	2025-26 Revised	2026-27 Enacted	Change From 2026-27
	2024-25 Revised	2025-26 Revised	2026-27 Enacted	Amount	Percent
Proposition 98
General Fund	$77,248	$75,070	$82,990	$7,920	10.6%
Local property tax	28,270	29,130	30,478	1,348	4.6
Subtotals	($105,518)	($104,200)	($113,468)	($9,268)	(8.9%)
Other State
Other General Fund^a	$9,506	$8,733	$8,287	-$446	-5.1%
Lottery	1,554	1,662	1,662	—	—
Special funds	112	156	173	17	11.2
Subtotals	($11,171)	($10,551)	($10,122)	(-$428)	(-4.1%)
Other Local
Property taxes for local facility bonds	$5,650	$5,650	$5,650	—	—
Other taxes, fees, and reimbursements^b	13,946	14,026	14,172	$146	1.0%
Subtotals	($19,596)	($19,676)	($19,822)	($146)	(0.7%)
Federal	$7,868	$8,398	$8,177	-$222	-2.6%
Total	$144,154	$142,826	$151,590	$8,764	6.1%

Students^c	5,436,215	5,399,416	5,365,567	-33,849	-0.6%
Proposition 98 funding per student	$19,410	$19,298	$21,148	$1,849	9.6
Total funding per student	26,517	26,452	28,252	1,800	6.8

^a Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, and (in 2024-25 and 2025-26) non-Proposition 98 funding for the California State Preschool Program. Also includes operational expenses of the California Department of Education and certain other agencies.
^bIncludes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements.
^c Reflects average daily attendance.