January 2021

Proposition 98 Overview

Deferral Paydowns in Governor's Budget

In Millions

  K-12
Education
Community Colleges Totals
Payment Deferrals (Enacted June 2020) $11,042 $1,453 $12,495
Proposed paydowns (Governor's Budget):a    
Scored to 2019-20 $0 -$145 -$145
Scored to 2020-21 -4,624 -901 -5,525
Scored to 2021-22 -2,695 -81 -2,776
   Totals -$7,318 -$1,127 -$8,445
Remaining Deferrals $3,723 $326 $4,050
       
a Scoring reflects the year to which the payments are attributed for purposes of meeting the Proposition 98 guarantee. Schools and community colleges will receive all of the associated cash in 2021-22. Deferral paydowns are not part of the Governor's proposal for early or immediate action.