EdBudget Figures
Related Figures
- Contributions to CalSTRS
- Districts' Pension Contribution Rates and Amounts
- Tracking Changes in the Proposition 98 Guarantee
- Proposition 98 Funding by Segment and Source
- 2022-23 Budget Act Contains $37 Billion in Proposition 98 Spending Proposals
- 2021-22 Changes in Proposition 98 Spending
- 2022-23 Changes in Proposition 98 Spending
July 2022
Proposition 98 Overview
Proposition 98 Key Inputs and Outcomes Under 2022-23 Budget Package
(Dollars in Millions)
| 2020-21 Final |
2021-22 Revised |
2022-23 Estimated |
|
| Minimum Guarantee | |||
| General Fund | $70,204 | $83,677 | $82,312a |
| Local property tax | 25,869 | 26,560 | 28,042 |
| Totals | $96,073 | $110,237 | $110,354 |
| Change From Prior Year | |||
| General Fund | $15,721 | $13,472 | -$1,364 |
| Percent change | 28.9% | 19.2% | -1.6% |
| Local property tax | $1,022 | $691 | $1,482 |
| Percent change | 4.1% | 2.7% | 5.6% |
| Total funding | $16,744 | $14,164 | $117 |
| Percent change | 21.1% | 14.7% | 0.1% |
| General Fund Tax Revenueb | $184,709 | $220,109 | $214,887 |
| Growth Rates | |||
| K-12 average daily attendance | -0.4% | -6.0% | 1.8% |
| Per capita personal income (Test 2) | 3.7% | 5.7% | 7.6% |
| Per capita General Fund (Test 3)c | 30.3% | 20.0% | -2.7% |
| Proposition 98 Reserve | |||
| Deposit (+) or withdrawal (-) | $3,302 | $3,988 | $2,224 |
| Cumulative balance | 3,302 | 7,290 | 9,514 |
| Operative Test | 1 | 1 | 1 |
| Note: No maintenance factor is created, paid, or owed over the period. | |||
| a Includes an upward adjustment of $614 million associated with the expansion of transitional kindergarten. | |||
| b Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. | |||
| c Reflects change in per capita General Fund plus 0.5 percent. | |||