July 2024
2023-24 Changes in Proposition 98 Spending
(In Millions)
2023-24 Budget Act Proposition 98 Spending | $108,312 |
Technical Adjustments | |
K-12 cost shift from 2022-23 | $2,341 |
LCFF adjustments | 794 |
Community college cost shift from 2022-23 | 242 |
Other adjustments | 7 |
Subtotal | ($3,384) |
Proposition 98 Reserve | |
Withdrawal of remaining balance | -$8,413 |
Elimination of required deposit | -903 |
Subtotal | (-$9,316) |
K-12 Education | |
Cost shift to 2024-25 | -$3,570 |
Universal school meals | 121 |
Subtotal | (-$3,449) |
California Community Colleges | |
Cost shift to 2024-25 | -$446 |
Total Changes | -$9,827 |
2023-24 Revised Proposition 98 Spending | $98,484 |
LCFF = Local Control Funding Formula |