EdBudget Figures
Related Figures
- Proposition 98 Funding Changes by Segment and Source
- Proposition 98 Key Inputs and Outcomes Under May Revision
- Proposition 98 Funding Per Student Under May Revision
- Proposition 98 Spending Proposals Under May Revision
- LAO May Outlook Estimates of Proposition 98 Guarantee
- Comparing LAO and May Revision Estimates of the Proposition 98 Guarantee
May 2024
Proposition 98 Overview
Comparing Proposition 98 Guarantee Under Governor's Budget and May Revision
In Millions
| 2022-23 | 2023-24 | 2024-25 | Three-Year Totals | |
| Governor's Budget | ||||
| General Fund | $68,563 | $74,633 | $76,894a | $220,091 |
| Local property tax | 29,742 | 30,953 | 32,185 | 92,881 |
| Totals | $98,306 | $105,586 | $109,080 | $312,972 |
| May Revision | ||||
| General Fund | $67,753 | $71,500 | $76,606a | $215,859 |
| Local property tax | 29,774 | 31,072 | 32,524 | 93,369 |
| Totals | $97,527 | $102,572 | $109,129 | $309,228 |
| Change | ||||
| General Fund | -$811 | -$3,133 | -$288 | -$4,232 |
| Local property tax | 32 | 119 | 338 | 489 |
| Totals | -$779 | -$3,015 | $50 | -$3,744 |
| aIncludes adjustment for arts education funding as required by Proposition 28 (2022). | ||||