May 2019
Comparing Administration's and LAO's May Proposition 98 Outlooks
(In Millions)
2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | |
May Revision | |||||
General Fund | $54,445 | $55,904 | $57,023 | $58,506 | $59,513 |
Local property tax | 23,701 | 25,166 | 26,441 | 27,788 | 29,196 |
Totals | $78,146 | $81,069 | $83,464 | $86,294 | $88,709 |
LAO Outlook | |||||
General Fund | $54,417 | $56,043 | $57,181 | $59,011 | $60,995 |
Local property tax | 23,887 | 25,114 | 26,474 | 27,580 | 28,830 |
Totals | $78,304 | $81,157 | $83,655 | $86,591 | $89,824 |
Difference (LAO Outlook - May Revision) | |||||
General Fund | -$27 | $140 | $157 | $506 | $1,481 |
Local property tax | 186 | -52 | 33 | -208 | -366 |
Totals | $158 | $88 | $191 | $297 | $1,115 |