July 2017

Proposition 98 Overview

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.