July 2024
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. |