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July 2022

Proposition 98 Overview

Proposition 98 Funding by Segment and Source

(Dollars in Millions Except Funding Per Student)

   2020-21
Final
2021-22
Revised
2022-23
Enacted
Change From 2021-22
Amount Percent
K-12 Education          
General Funda $59,510 $70,902 $71,135 $233 0.3%
Local property tax 22,504 23,095 24,389 1,294 5.6   
   Subtotals $82,014 $93,997 $95,524 $1,527 1.6%
California Community Colleges          
General Fund $7,392 $8,786 $8,953 $167 1.9%
Local property tax 3,365 3,465 3,653 187 5.4   
   Subtotals $10,757 $12,251 $12,606 $354 2.9%
Proposition 98 Reserve Depositb $3,302 $3,988 $2,224 -$1,764 -44.2%
   Totals $96,073 $110,237 $110,354 $117 0.1%
           
Enrollment          
K-12 attendance 5,871,691 5,518,744 5,615,432 96,688 1.8%
Community College FTE students 1,106,356 1,104,305 1,110,256 5,951 0.5   
Funding Per Student          
K-12 Education $13,968 $17,032 $17,011 -$21 -0.1%
California Community Colleges 9,723 11,094 11,354 259 2.3   
           
a Includes funding for instruction provided directly by state agencies and the portion of State Preschool funded through Proposition 98.
b Consists entirely of General Fund.        
FTE = full-time equivalent.