January 2025

K-12 Education

K-12 Funding by Source

(Dollars in Millions Except Funding Per Student)

   2023-24
Revised		 2024-25 Revised 2025-26 Proposed Change From
2025-26
Amount Percent
Proposition 98          
General Fund $67,308a $74,849 $75,185 $336 0.4%
Local property tax 27,322 28,265 29,783 1,518 5
Subtotals ($94,630) ($103,114) ($104,968) ($1,854) (2%)
Other State          
Other General Fundb $10,667c $9,644 $8,276 -$1,368 -14%
Lottery 1,880 1,630 1,630 — —
Special funds 500 172 145 -27 -16
Subtotals ($13,047) ($11,445) ($10,050) (-$1,395) (-12%)
Other Local          
Property taxes for local facility bonds $5,650 $5,650 $5,650 — —
Other taxes, fees, and reimbursementsd 9,941 10,252 10,262 9 0.1%
Subtotals ($15,591) ($15,902) ($15,912) ($9) (0.1%)
Federal $7,669 $8,114 $8,102 -$12 -0.1%
Totals $130,938 $138,575 $139,032 $457 0.3%
           
Studentse 5,449,360 5,504,951 5,543,727 38,776 0.7%
Proposition 98 funding per student $17,365 $18,731 $18,935 $203 1.1%
Total funding per student $24,028 $25,173 $25,079 -$94 -0.4%
           
a Includes $7.6 billion from the Proposition 98 Reserve.    
b 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.
c 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.
d Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements.
e Reflects average daily attendance.