Translate

May 2021

Proposition 98 Overview

Comparing Proposition 98 Funding Under Governor's Budget and May Revision

In Millions

  2019-20 2020-21 2021-22 Three-Year Totals
Governor’s Budget        
General Fund $54,470 $56,942 $60,835a $172,247
Local property tax 25,073 25,887 27,270 $78,230
   Totals $79,544 $82,828 $88,105 $250,477
         
May Revision        
General Fund $54,483 $67,077 $66,374 $187,933
Local property tax 24,846 25,745 27,365 77,956
   Totals $79,329 $92,822 $93,738 $265,889
         
Change        
General Fund $12 $10,135 $5,538 $15,686
Local property tax -227 -142 95 -274
   Totals -$215 $9,993 $5,633 $15,412
         
a Includes $2.3 billion statutory supplemental payment. The May Revision proposes to eliminate this payment.