July 2020

Proposition 98 Overview

State Payments Provided on Behalf of School and Community College Districts

Payments To Lower Districts' Rates Pursuant to 2020-21 Budget Package (In Millions)

  2019-20 2020-21 2021-22 Total
CalSTRSa        
School districts $328 $986 $756 $2,071
Community colleges 28 84 64 175
 Subtotals  ($356)  ($1,070)  ($820) ($2,246) 
CalPERSb        
School districts $123 $366 $281 $770
Community colleges 21 64 49 134
 Subtotals ($144)  ($430)  ($330)  ($904) 
Totals $500 $1,500 $1,150 $3,150
School districts $451 $1,353 $1,037 $2,841
Community colleges 49 147 113 309
         
a The amounts attributable to schools and community colleges are LAO estimates based on each segment's share of creditable compensation as reported by CalSTRS.
b The amounts attributable to schools and community colleges are LAO estimates based on each segment's share of projected payroll as estimated by CalPERS.
CalSTRS = California State Teachers' Retirement System.
CalPERS = California Public Employees' Retirement System.