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July 2018

Proposition 98 Overview

Proposition 98 Key Inputs and Outcomes Under 2018-19 Budget Package

(Dollars in Millions)

  2016-17 2017-18 2018-19
Proposition 98 Funding      
General Fund $50,234    $53,381    $54,870   
Local property tax 21,407    22,236    23,523   
   Totals $71,642    $75,618    $78,393   
Change From Prior Year      
General Fund $809    $3,147    $1,488   
   Percent change 1.6%    6.3%    2.8%   
Local property tax $1,729    $829    $1,287   
   Percent change 8.8%    3.9%    5.8%   
Total funding $2,538    $3,976    $2,775   
   Percent change 3.7%    5.6%   3.7%   
Operative Test 3    2    2   
Maintenance Factor      
Amount created (+) or paid (-) $1,042    -$1,325    $0   
Total outstandinga 1,278    0    0   
Growth Rates      
K-12 average daily attendance -0.2% 0.01% -0.3%b
Per capita personal income (Test 2) 5.4    3.7    3.7    
Per capita General Fund (Test 3)c 3.9    7.8    3.8    
K-14 cost-of-living adjustment 0.0    1.6    2.7    
       
a Outstanding maintenance factor is adjusted annually for changes in K-12 attendance and per capita personal income.
b Under the two-year hold harmless provision in the State Constitution, the 2018‑19 guarantee is calculated as though attendance is flat in 2018-19.
c As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5 percent.