EdBudget Figures
Related Figures
- Proposition 98 Funding by Segment and Source
- Tracking Changes in the Proposition 98 Minimum Guarantee
- Governor's Budget Contains $19.1 Billion in Proposition 98 Spending Proposals
- Deferral Paydowns in Governor's Budget
- 2021-22 Changes in Proposition 98 Spending
- Contributions to CalSTRS
- Districts' Pension Contribution Rates and Amounts
January 2021
Proposition 98 Overview
Proposition 98 Key Inputs and Outcomes Under Governor's Budget
(Dollars in Millions)
| 2019-20 Revised |
2020-21 Revised |
2021-22 Proposed |
|
| Minimum Guarantee | |||
| General Fund | $54,470 | $56,942 | $60,835a |
| Local property tax | 25,073 | 25,887 | 27,270 |
| Totals | $79,544 | $82,828 | $88,105 |
| Change From Prior Year | |||
| General Fund | -$275 | $2,471 | $3,894 |
| Percent change | -0.5% | 4.5% | 6.8% |
| Local property tax | $1,297 | $813 | $1,383 |
| Percent change | 5.5% | 3.2% | 5.3% |
| Total guarantee | $1,022 | $3,284 | $5,277 |
| Percent change | 1.3% | 4.1% | 6.4% |
| General Fund Tax Revenueb | $143,373 | $149,831 | $153,970 |
| Growth Rates | |||
| K-12 average daily attendance | -0.5% | -0.5%c | -0.5% |
| Per capita personal income (Test 2) | 3.9 | 3.7 | 1.7 |
| Per capita General Fund (Test 3)d | 0.6 | 4.8 | 2.8 |
| Operative Test | 1 | 1 | 1 |
| Proposition 98 Reserve | |||
| Deposit (+) or withdrawal (‑) | — | $747 | $2,241 |
| Cumulative balance | — | 747 | 2,987 |
| a Includes $2.3 billion supplemental payment. | |||
| b Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. | |||
| c For calculating the guarantee, Chapter 24 of 2020 (SB 98, Committee on Budget and Fiscal Review) deems the change in attendance in 2020‑21 to be the same as the change in 2019‑20. | |||
| d As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5 percent. | |||
| Note: No maintenance factor obligation is created, paid, or owed over the period. | |||