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January 2023

Proposition 98 Overview

Tracking Changes in the Current- and Prior-Year Proposition 98 Guarantee

In Millions

   2021-22   2022-23
June 2022 Estimate January 2023 Estimate Change   June 2022 Estimate January 2023 Estimate Change
Minimum Guarantee $110,237 $110,415 $178   $110,354 $106,991 -$3,363
General Fund $83,677 $83,630 -$47   $82,312 $79,103 -$3,210
Local property tax 26,560 26,785 225   28,042 27,889 -153