January 2019

Proposition 98 Overview

Proposition 98 Key Inputs and Outcomes Under Governor's Budget

(Dollars in Millions)

  2017-18 2018-19 2019-20
Proposition 98 Funding      
General Fund $52,887  $54,028a $55,295 
Local property tax 22,610  23,839  25,384 
   Totals $75,498  $77,867  $80,680 
Change From Prior Year      
General Fund  $2,648  $1,141  $1,268 
   Percent change 5.3%  2.2%  2.3% 
Local property tax $1,207  $1,229  $1,545 
   Percent change 5.6%  5.4%  6.5% 
Total funding $3,855  $2,370  $2,813 
   Percent change 5.4%  3.1%  3.6% 
Operative Test 1  3  1 
Maintenance Factor      
Amount created (+) or paid (-)   -$1,201  $143  — 
Total outstandingb —  143  $150 
Growth Rates      
K-12 average daily attendance -0.13% -0.33% -0.12%
Per capita personal income (Test 2) 3.69    3.67    5.07   
Per capita General Fund (Test 3)c 10.20    3.48    3.33   
K-14 cost-of-living adjustment 1.56    2.71    3.46   
       
a Includes $44 million provided on top of the minimum guarantee. 
b Outstanding maintenance factor is adjusted annually for changes in K-12 attendance and per capita personal income.
c As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5 percent.