EdBudget Figures
Related Figures
- Tracking Changes in the Proposition 98 Minimum Guarantee and Spending
- Proposition 98 Funding by Segment and Source
- Proposition 98 Property Tax Estimates Under 2019-20 Budget Package
- Proposition 98 Key Inputs and Outcomes Under 2019-20 Budget Package
- 2018-19 Changes in Proposition 98 Spending
- 2019-20 Changes in Proposition 98 Spending
- Districts' Pension Contribution Rates and Amounts
- Changes to Districts' Contribution Rates
- State Payments Made on Behalf of School and Community College Districts
July 2019
Proposition 98 Overview
Contributions to CalSTRS
(Dollars in Billions)
| 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | |
| Contribution Ratesa | ||||||
| Stateb | 9.8% | 10.1% | 10.6% | 11.1% | 11.1% | 10.9% |
| School/College Districts | 16.3 | 17.1 | 18.4 | 17.9 | 17.9 | 17.9 |
| Teachers (pre-PEPRA) | 10.3 | 10.3 | 10.3 | 10.3 | 10.3 | 10.3 |
| Teachers (PEPRA) | 10.2 | 10.2 | 10.2 | 10.2 | 10.2 | 10.2 |
| Contribution Amountsa | ||||||
| Statec | $3.1 | $3.3 | $3.5 | $3.8 | $4.0 | $4.0 |
| School/College Districts | 5.4 | 5.9 | 6.6 | 6.6 | 6.9 | 7.1 |
| Teachers | 3.4 | 3.5 | 3.7 | 3.8 | 3.9 | 4.1 |
| Total | $12.0 | $12.8 | $13.8 | $14.3 | $14.8 | $15.2 |
| Note: Rates and amounts are based on a 6.8 percent investment return in 2018-19 and a projected 7 percent return in future years. | ||||||
| a Projected contribution rates reflect the additional payments to CalSTRS that were included in the 2019-20 budget. | ||||||
| b Includes state contributions to Supplemental Benefits Maintenance Account. | ||||||
| c Excludes additional state payments to CalSTRS included in the 2019-20 budget act. Those amounts can be found here. | ||||||
| PEPRA = Public Employees' Pension Reform Act. CalSTRS = California State Teachers' Retirement System. CalPERS = California Public Employees' Retirement System. | ||||||