July 2022

Proposition 98 Overview

Tracking Changes in the Proposition 98 Guarantee

(In Millions)

  2020-21   2021-22
June 2020
(Enacted)
June 2021
(Revised)
June 2022
(Final)
Change From June 2021 June 2021
(Enacted)
June 2022
(Revised)
Change From June 2021
Minimum Guarantee $70,890 $93,430 $96,073 $2,643   $93,739 $110,237 $16,498
General Fund $45,066 $67,685 $70,204 $2,520   $66,374 $83,677 $17,302
Local property tax 25,824 25,745 25,869 124   27,365 26,560 -805