July 2024

Proposition 98 Overview

Proposition 98 Funding by Segment and Source

(Dollars in Millions Except Funding Per Student)

   2022-23
Final		 2023-24
Revised		 2024-25
Enacted		 Change From 2023-24
Amount Percent
K-12 Education          
General Funda $65,372  $67,335  $72,711  $5,376  8.0% 
Local property tax 25,890  27,295  28,410  1,115  4.1    
   Subtotals ($91,261) ($94,630) ($101,121) ($6,491) (6.9%)
California Community Colleges          
General Fund $8,302  $8,173  $8,847  $674  8.2% 
Local property tax 3,884  4,094  4,260 167  4.1    
   Subtotals ($12,187) ($12,267) ($13,108)  ($841) (6.9%)
Reserve Deposit/Withdrawal (+/-)b $272  -$8,413  $1,054  $9,467  -   
   Totals $103,720  $98,484  $115,283  $16,798  17.1% 
           
Enrollment          
K-12 attendance 5,405,197 5,468,503 5,508,796 40,293 0.7%
Community College FTE students 1,100,665 1,085,205 1,101,584 16,379 1.5   
Funding Per Student          
K-12 Education $16,884 $17,305 $18,356 $1,052 6.1%
California Community Colleges 11,072 11,304 11,899 595 5.3   
           
a Includes funding for instruction provided directly by state agencies and the portion of State Preschool funded through Proposition 98.
b Proposition 98 Reserve established by Proposition 2 (2014). Amounts consist entirely of General Fund.
FTE = full-time equivalent.