Translate

May 2020

Proposition 98 Overview

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