Description: This brief examines the estimates of the Proposition 98 guarantee in the Governor’s budget and assesses the overall structure of the Governor’s plan for K-12 funding. It also examines a few of the larger spending proposals and the proposal to delay a $1.6 billion settle-up payment.

Update (2/21/25): This brief has been updated to reflect our office’s estimate of the K-12 COLA (2.26 percent).