July 2017
Tracking Changes in the Minimum Guarantee and Spending
(In Millions)
2015-16 | 2016-17 | ||||||
June 2016 | June 2017 | Change | June 2016 | June 2017 | Change | ||
Minimum guarantee | $69,050 | $68,671 | -$379 | $71,874 | 71,316a | -$558 | |
Proposition 98 spending | $69,050 | $69,103 | $53 | $71,874 | $71,390 | -$484 | |
Settle-up payment for LCFF | 0 | 0 | 0 | 0 | 514 | 514 | |
Total spending | $69,050 | $69,103 | $53 | $71,874 | $71,903 | $29 | |
a Reflects amount that would be required to fund the minimum guarantee and provide a $405 million statutory supplement, consistent with the June 2016 budgetary approach. The June 2017 budget plan notwithstands the supplement. | |||||||
LCFF = Local Control Funding Formula. |