EdBudget Figures
Related Figures
- Contributions to CalSTRS
- Districts' Pension Contribution Rates and Amounts
- Proposition 98 Funding by Segment and Source
- Tracking Changes in the Proposition 98 Guarantee
- Proposition 98 Key Inputs and Outcomes Under 2024-25 Budget Package
- Major Proposition 98 Spending Proposals
- 2024-25 Changes in Proposition 98 Spending
- 2023-24 Changes in Proposition 98 Spending
July 2024
Proposition 98 Overview
2022-23 Changes in Proposition 98 Spending
(In Millions)
| 2022-23 Spending in 2023-24 Budget Act | $107,359 |
| Technical Adjustments | |
| Reduce required reserve deposit | -$1,516 |
| LCFF adjustments | 332 |
| Other adjustments | 127 |
| Subtotal | (-$1,056) |
| Policy Changes | |
| K-12 cost shift to 2023-24 | -$2,341 |
| Community college cost shift to 2023-24 | -242 |
| Subtotal | (-$2,583) |
| Total Changes | -$3,639 |
| 2022-23 Revised Spendinga | $103,720 |
| a Includes $6.2 billion in payments disbursed to schools and community colleges in 2022-23 but attributed to future fiscal years for state budget and accounting purposes. | |
| LCFF = Local Control Funding Formula | |