May 2017
K-12 Education
Spending Changes in Local Control Funding Formula
Formula for School Districts and Charter Schools, Administration's Estimates (Dollars In Millions)
| 2016-17 | 2017-18 | Year-to-Year Change at May Revision | |||||
| Revised | Governor's Budget | May Revision | Change | ||||
| Prior-Year Fundinga | $52,807 | $55,841 | $55,914 | $73 | $3,107 | ||
| New Gap Fundingb | 3,024 | 769 | 1,431 | 661 | -1,594 | ||
| Total Funding | $55,831 | $56,611 | $57,344 | $734 | $1,514 | ||
| Targetc | $58,123 | $58,907 | $58,980 | $73 | $857 | ||
| Percent of Remaining Gap Closedd | 57% | 25% | 47% | 22% | -10% | ||
| Percent of Full Cost Funded | 96% | 96% | 97% | 1% | 1% | ||
| a Reflects total prior-year funding adjusted for changes in student attendance. | |||||||
| b Reflects General Fund appropriations as well as formerly excess taxes reclassified as Proposition 98 revenue in basic aid districts. | |||||||
| c State law establishes target funding rates, which are updated annually for changes in attendance and inflation. | |||||||
| d Reflects new gap funding as a percentage of the difference between prior-year funding and target each year. | |||||||