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January 2022

Proposition 98 Overview

Tracking Changes in the Proposition 98 Minimum Guarantee

In Millions

   2020-21   2021-22
June 2021 Estimate January 2022 Estimate Change   June 2021 Estimate January 2022 Estimate Change
Minimum Guarantee $93,430 $95,936 $2,507   $93,739 $99,064 $5,325
General Fund $67,685 $70,035 $2,351   $66,374 $71,845 $5,471
Local property tax 25,745 25,901 156   27,365 27,219 -146