EdBudget Figures
Related Figures
- Proposition 98 Funding by Segment and Source
- Proposition 98 Key Inputs and Outcomes Under Governor's Budget
- Proposition 98 Changes Over the Budget Period
- Major Proposition 98 Spending Proposals
- 2023-24 Changes in Proposition 98 Spending
- 2024-25 Changes in Proposition 98 Spending
- 2025-26 Changes in Proposition 98 Spending
January 2025
Proposition 98 Overview
Tracking Changes in the Current- and Prior-Year Proposition 98 Guarantee
(In Millions)
| 2023-24 | 2024-25 | ||||||
| June 2024 Estimate | January 2025 Estimate | Change | June 2024 Estimate | January 2025 Estimate | Change | ||
| Minimum Guarantee | $98,484a | $98,484a | — | $115,283 | $119,188 | $3,905 | |
| General Fund | $67,095 | $67,093 | -$2 | $82,612 | $86,619 | $4,006 | |
| Local property tax | 31,389 | 31,392 | 2 | 32,670 | 32,569 | -101 | |
| a Chapter 27 of 2024 (SB 154, Committee on Budget and Fiscal Review) suspended the Proposition 98 guarantee and set forth this amount as the intended funding level. Absent suspension, the guarantee would have been $106.4 billion. | |||||||