EdBudget Figures
Related Figures
- Comparing Proposition 98 Guarantee Under Governor's Budget and May Revision
- 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
May 2024
Proposition 98 Overview
Comparing LAO and May Revision Estimates of the Proposition 98 Guarantee
Dollars in Millions
| 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | |
| May Revision | |||||
| General Fund | $71,500a | $76,606 | $81,479 | $85,894 | $90,146 |
| Local property tax | 31,072 | 32,524 | 33,987 | 35,551 | 37,237 |
| Totals | $102,572 | $109,129 | $115,466 | $121,444 | $127,383 |
| LAO May Outlook | |||||
| General Fund | $70,089a | $74,671 | $79,561 | $84,280 | $88,622 |
| Local property tax | 31,389 | 32,670 | 34,251 | 36,021 | 37,905 |
| Totals | $101,478 | $107,341 | $113,811 | $120,301 | $126,527 |
| Difference (LAO May Minus May Revision) | |||||
| General Fund | -$1,411 | -$1,935 | -$1,919 | -$1,614 | -$1,524 |
| Local property tax | 318 | 147 | 264 | 470 | 668 |
| Totals | -$1,093 | -$1,789 | -$1,655 | -$1,143 | -$856 |
| a Excludes supplemental payment attributable to Proposition 28 (2022). In subsequent years, this adjustment is incorporated into the minimum guarantee. | |||||