May 2021

Proposition 98 Overview

Deferral Paydowns Under May Revision

In Millions

  K-12 Education Community Colleges Totals
Payment Deferrals (Enacted June 2020) $11,042 $1,453 $12,495
Proposed Paydowns (May Revision):a      
Scored to 2019-20 $0 -$145 -$145
Scored to 2020-21 -4,624 -901 -5,525
Scored to 2021-22 -3,801 -408 -4,208
   Totals -$8,424 -$1,453 -$9,878
Remaining Deferrals $2,617 $0 $2,617
       
a Scoring reflects the year to which the payments are attributed for purposes of meeting the Proposition 98 guarantee. Districts will receive all of the associated cash in 2021-22.