January 2025

Proposition 98 Overview

Proposition 98 Funding by Segment and Source

(Dollars in Millions Except Funding Per Student)

   2023-24
Revised		 2024-25
Revised		 2025-26
Proposed		 Change From 2024-25
Amount Percent
K-12 Education          
General Funda $67,308 $74,849 $75,185 $336 0.4%
Local property tax 27,322 28,265 29,783 1,518 5.4   
   Subtotals $94,630 $103,114 $104,968 $1,854 1.8%
California Community Colleges          
General Fund $8,198 $9,048 $9,041 -$6 -0.1%
Local property tax 4,070 4,304 4,538 233 5.4   
   Subtotals $12,267 $13,352 $13,579 $227 1.7%
Reserve Deposit/Withdrawal (+/-)b -$8,413 $1,157 $376 -$780 -67.5%
Settle Up (Unallocated)c - $1,565 - -$1,565 -100.0%
   Totals $98,484 $119,188 $118,923 -$264 -0.2%
           
Enrollment          
K-12 attendance 5,449,360 5,504,951 5,543,727 38,776 0.7%
Community college FTE students 1,100,665 1,100,406 1,098,575 -1,831 -0.2   
Funding Per Student          
K-12 Education $17,365 $18,731 $18,935 $203 1.1%
California Community Colleges 11,145 12,134 12,361 227 1.9   
           
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.     
c Represents the amount that would be allocated for schools and community colleges in the future, assuming no changes to the administration's estimates of the guarantee. Amount consists entirely of General Fund.     
FTE = full-time equivalent.