July 2020

Proposition 98 Overview

Tracking Changes in the Proposition 98 Guarantee

(In Millions)

  2018-19   2019-20
June 2019 June 2020 Change June 2019 June 2020 Change
Minimum Guarantee $78,146 $78,522 $376   $81,056 $77,678 -$3,379
General Fund $54,445 $54,746 $301   $55,891 $52,656 -$3,235
Local property tax 23,701 23,776 75   25,166 25,022 -144