January 2021

Proposition 98 Overview

Tracking Changes in the Proposition 98 Minimum Guarantee

Dollars in Millions

  2019-20   2020-21
  June 2020 Estimate January 2021 Estimate Change   June 2020 Estimate January 2021 Estimate Change
Minimum Guarantee            
General Fund $52,656 $54,470 $1,815   $45,066 $56,942 $11,876
Local property tax 25,022 25,073 51   25,824 25,887 62
   Totals $77,678 $79,544 $1,866   $70,890 $82,828 $11,938
               
Operative Test 1 1 no   1 1 no