EdBudget Figures
Related Figures
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- Proposition 98 Funding by Segment and Source
- Proposition 98 Key Inputs and Outcomes Under Governor's Budget
- Governor's Budget Contains $2.9 Billion in Proposition 98 Spending Proposals
- 2018-19 Changes in Proposition 98 Spending
- 2019-20 Changes in Proposition 98 Spending
- List of Active Education Mandates
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January 2019
Proposition 98 Overview
Proposition 98 Property Tax Revenue Estimates Under Governor's Budget
(Dollars in Millions)
| 2017-18 | 2018-19 | 2019-20 | |
| Property Tax Components | |||
| Base property tax revenue | $20,651 | $21,843 | $23,248 |
| Educational Revenue Augmentation Fund (ERAF) | 1,164 | 1,174 | 1,286 |
| Redevelopment agency (RDA) dissolution | 1,907 | 1,970 | 2,132 |
| Excess taxes | -1,112 | -1,148 | -1,281 |
| Total | $22,610 | $23,839 | $25,384 |
| Year-over-year change | |||
| Amount | $1,215 | $1,229 | $1,545 |
| Percent | 5.7% | 5.4% | 6.5% |
| Difference From Budget Act Estimates | $374 | $316 | $375 |
| Growth in Assessed Property Value | 6.2% | 6.0% | 6.8% |