January 2024

K-12 Education

K-12 Funding by Source

(Dollars in Millions Except Funding Per Student)

        Change From 2023-24
  2022-23
Revised		 2023-24 Revised 2024-25 Proposed Amount Percent
Proposition 98          
General Fund $60,591 $68,959 $70,093 $1,133 1.6%
Local property tax 25,882 26,917 27,975 1,057 3.9
Subtotals ($86,473) ($95,877) ($98,068) ($2,191) (2.3%)
Other State          
Other General Funda $9,313 $10,367 $9,093 -$1,274 -12.3%
Lottery 1,726 1,413 1,411 -2 -0.1
Special funds 291 521 188 -333 -64
Subtotals ($11,330) ($12,300) ($10,691) (-$1,609) (-13.1%)
Other Local          
Property taxes for local facility bonds $5,049 $5,650 $5,650 — —
Other taxes, fees, and reimbursementsb 6,766 6,804 7,038 $234 3.4%
Subtotals ($11,815) ($12,454) ($12,687) ($234) (1.9%)
Federal Funds          
One-time aidc $315 $297 — -$297 -100%
Other federal funds 7,036 8,059 $7,507 -552 -6.9
Subtotals ($7,350) ($8,355) ($7,507) (-$849) (-10.2%)
Totals $116,969 $128,986 $128,953 -$34 —d
           
Studentse 5,396,404 5,401,820 5,400,244 -1,576 —d
Proposition 98 funding per student $16,024 $17,749 $18,160 $411 2.3%
Total funding per student 21,675 23,878 23,879 $1 —f
           
a Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, and non-Proposition 98 funding for the California State Preschool Program. Also includes operational expenses of the California Department of Education and certain other agencies.
b Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements.
c Consists of funding from the Coronavirus Response and Relief Supplemental Appropriations Act (December 2020) and the American Rescue Plan Act (March 2021).
d Reflects 0.03 percent decrease.
e Reflects average daily attendance.
f Reflects 0.003 percent increase.