July 2024
K-12 Education
K-12 Funding by Source
(Dollars in Millions Except Funding Per Student)
| 2022-23 Final |
2023-24 Revised | 2024-25 Enacted | Change From 2023-24 | ||
| Amount | Percent | ||||
| Proposition 98 | |||||
| General Fund | $65,372a | $67,335b | $72,711 | $5,376 | 8% |
| Local property tax | 25,890 | 27,295 | 28,410 | 1,115 | 4 |
| Subtotals | $91,261 | $94,630 | $101,121 | $6,491 | 7% |
| Other State | |||||
| Other General Fundc | $9,309 | $10,474d | $8,966 | -$1,508 | -14% |
| Lottery | 1,726 | 1,413 | 1,411 | -2 | 0.1 |
| Special funds | 291 | 521 | 159 | -362 | -69 |
| Subtotals | $11,326 | $12,407 | $10,536 | -$1,871 | -15% |
| Other Local | |||||
| Property taxes for local facility bonds | $5,650 | $5,650 | $5,650 | — | — |
| Other taxes, fees, and reimbursementse | 9,822 | 9,990 | 10,325 | $336 | 3% |
| Subtotals | $15,472 | $15,639 | $15,975 | $336 | 2% |
| Federal Funds | |||||
| One-time aidf | $315 | $300 | $33 | -$267 | -89% |
| Other federal funds | 7,069 | 8,089 | 7,969 | -120 | -1 |
| Subtotals | $7,384 | $8,389 | $8,001 | -$387 | -5% |
| Totals | $125,443 | $131,065 | $135,633 | $4,568 | 3% |
| Studentsg | 5,405,197 | 5,468,503 | 5,508,796 | 40,293 | 1% |
| Proposition 98 funding per student | $16,884 | $17,305 | $18,356 | $1,052 | 6 |
| Total funding per student | 23,208 | 23,967 | 24,621 | 654 | 3 |
| a Includes $5.4 billion that will be accrued to future fiscal years for state accounting purposes. | |||||
| b Includes $7.6 billion from the Proposition 98 Reserve. | |||||
| c Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, and non-Proposition 98 funding for the California State Preschool Program. Also includes operational expenses of the California Department of Education and certain other agencies. | |||||
| d Includes $938 million in first-year funding for the arts education program established by Proposition 28 (2022). Under the measure, this program becomes Proposition 98 General Fund beginning in 2024-25. | |||||
| e Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements. | |||||
| f Consists of funding from the Coronavirus Response and Relief Supplemental Appropriations Act (December 2020) and the American Rescue Plan Act (March 2021). | |||||
| g Reflects average daily attendance. | |||||