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January 2018

Proposition 98 Overview

Proposition 98 Key Inputs and Outcomes Under Governor's Budget

(Dollars in Millions)

  2016-17 2017-18 2018-19
Proposition 98 Funding      
General Fund $49,993 $52,741 $54,564
Local property tax 21,397 22,470 23,761
Totals $71,390 $75,211 $78,324
Change From Prior Year      
General Fund $568 $2,747 $1,823
Percent change 1.1% 5.5% 3.5%
Local property tax $1,718 $1,074 $1,291
Percent change 8.7% 5.0% 5.7%
Total funding $2,287 $3,821 $3,114
Percent change 3.3% 5.4% 4.1%
Operative Test 3 2 3
Maintenance Factor      
Amount created (+) or paid (-) $1,279 -$1,172 $83
Total outstandinga 1,350 228 320
Growth Rates      
K-12 average daily attendance -0.2% 0.0% -0.3%
Per capita personal income (Test 2) 5.4    3.7    4.3   
Per capita General Fund (Test 3)b 2.7    6.0    4.1   
K-14 cost-of-living adjustment 0.0    1.6    2.5   
       
a Outstanding maintenance factor is adjusted annually for changes in K-12 attendance and per capita personal income.
b As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5 percent.