May 2019

Proposition 98 Overview

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