May 2020
Comparing Proposition 98 Funding Under Governor's Budget and May Revision
(In Millions)
2018-19 | 2019-20 | 2020-21 | |
Governor’s Budget | |||
General Fund | $54,505 | $56,405 | $57,573 |
Local property tax | 23,942 | 25,168 | 26,475 |
Totals | $78,448 | $81,573 | $84,048 |
May Revision | |||
General Fund | $54,746 | $52,352 | $44,872 |
Local property tax | 23,994 | 25,022 | 25,618 |
Totals | $78,740 | $77,374 | $70,490 |
Change | |||
General Fund | $240 | -$4,053 | -$12,702 |
Local property tax | 52 | -146 | -857 |
Totals | $292 | -$4,199 | -$13,559 |