July 2023

Proposition 98 Overview

Proposition 98 Funding by Segment and Source

(Dollars in Millions Except Funding Per Student)

  2021-22
Final		 2022-23
Revised		 2023-24
Enacted		 Change From 2022-23
  Amount Percent
K-12 Education          
General Funda $70,236 $67,786 $68,101 $315 0.5%
Local property tax 23,286 25,455 26,852 1,397 5.5   
Subtotals ($93,521) ($93,241) ($94,953) ($1,712) (1.8%)
California Community Colleges          
General Fund $8,678 $8,544 $8,453 -$91 -1.1%
Local property tax 3,515 3,787 4,003 216 5.7   
Subtotals ($12,193) ($12,331) ($12,456) ($125) (1.0%)
Proposition 98 Reserve Depositb $4,840 $1,787 $903 -$885 -49.5  
Totals $110,554 $107,359 $108,312 $953 0.9%
           
Enrollment          
K-12 attendance 5,349,982 5,356,421 5,371,161 14,740 0.3%
Community College FTE students 1,111,055 1,082,160 1,047,839 -34,321 -3.2  
Funding Per Student          
K-12 Education $17,481 $17,407 $17,678 $271 1.6%
California Community Colleges 10,974 11,395 11,887 493 4.3%
           
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.