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
- Contributions to CalSTRS
- Districts' Pension Contribution Rates and Amounts
- State Payments Made on Behalf of School and Community College Districts
July 2019
Proposition 98 Overview
Changes to Districts' Contribution Rates
Employer Contribution Rate as a Percentage of Payroll
| 2018-19 Final | 2019-20 Final | 2020-21 Projected | 2021-22 Projected | 2022-23 Projected | 2023-24 Projected | |
| CalSTRS | ||||||
| Previous projection | 16.28% | 18.13% | 19.10% | 18.40% | 18.40% | 18.40% |
| Revised projection | 16.28% | 17.10% | 18.40% | 18.10% | 18.10% | 18.10% |
| Difference | 0.00% | -1.03% | -0.70% | -0.30% | -0.30% | -0.30% |
| CalPERS | ||||||
| Previous projection | 18.06% | 20.73% | 23.60% | 24.90% | 25.70% | 26.40% |
| Revised projection | 18.06% | 19.72% | 22.70% | 24.60% | 25.40% | 26.10% |
| Difference | 0.00% | -1.01% | -0.90% | -0.30% | -0.30% | -0.30% |
| Notes: | ||||||
| Reflects rates upon enactment of the 2019-20 budget package. Rates shown are actuals for 2018-19 and 2019-20 and projections thereafter. Projections are based on actuarial assumptions. Actual rates will vary from projections based on investment returns and other factors. For CalSTRS, the employer contribution rate is fixed through 2020-21. | ||||||
| CalSTRS = California State Teachers' Retirement System. CalPERS = California Public Employees' Retirement System. | ||||||