May 2025
Proposition 98 Overview
Proposition 98 Funding Changes by Segment and Source
In Millions
| Governor's Budget | May Revision | Change | |
| 2023-24 Revised | $98,484 | $98,484 | — |
| K-12 Education | |||
| General Funda | $67,308 | $67,421 | $113 |
| Local property tax | 27,322 | 27,317 | -5 |
| Subtotals | $94,630 | $94,738 | $108 |
| California Community Colleges | |||
| General Fund | $8,198 | $8,086 | -$112 |
| Local property tax | 4,070 | 4,073 | 4 |
| Subtotals | $12,267 | $12,159 | -$108 |
| Proposition 98 Reserveb | -$8,413 | -$8,413 | — |
| 2024-25 Revised | $119,188 | $118,938 | -$250 |
| K-12 Education | |||
| General Funda | $74,849 | $75,729 | $880 |
| Local property tax | 28,265 | 28,086 | -179 |
| Subtotals | $103,114 | $103,815 | $701 |
| California Community Colleges | |||
| General Fund | $9,048 | $9,036 | -$12 |
| Local property tax | 4,304 | 4,232 | -73 |
| Subtotals | $13,352 | $13,268 | -$84 |
| Proposition 98 Reserveb | $1,157 | $540 | -$617 |
| Settle Up (Unallocated Funds) | $1,565 | $1,315 | -$250 |
| 2025-26 Proposed | $118,923 | $114,568 | -$4,355 |
| K-12 Education | |||
| General Funda | $75,185 | $72,757 | -$2,428 |
| Local property tax | 29,783 | $29,382 | -401 |
| Subtotals | $104,968 | $102,139 | -$2,829 |
| California Community Colleges | |||
| General Fund | $9,041 | $8,531 | -$511 |
| Local property tax | 4,538 | 4,438 | -99 |
| Subtotals | $13,579 | $12,969 | -$610 |
| Proposition 98 Reserveb | $376 | -$540 | -$916 |
| a Includes the portion of State Preschool funded through Proposition 98 and direct instructional services provided by state agencies. | |||
| b Reflects the size of the deposit (+) or withdrawal (-) from the Proposition 98 Reserve established by Proposition 2 (2014). Amounts consist entirely of General Fund. | |||