The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Both of these figures are attributable to growth in revenue and the Proposition  98 formula that reserves a minimum percentage of that revenue (just under 40  percent) for school and community college programs.
https://lao.ca.gov/Publications/Report/4772

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - Proposition   98 (1988) Changed How Excess Revenues Are Distributed. In 1988, voters passed Proposition  98. Proposition  98 is the state ’s constitutional minimum funding guarantee for schools and community colleges.
https://lao.ca.gov/Publications/Report/3596

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Though district pension costs typically are covered using Proposition  98 General Fund, the Governor proposes using non ‑Proposition  98 General Fund for this proposal. Whereas this proposal would provide districts with perceptible budget relief over the next two years, using the $ 700  m illion instead for paying down more of the CalSTRS unfunded liability would provide a longer ‑term benefit.
https://lao.ca.gov/Publications/Report/3916

The LAO’s Economic and Budget Projections 1995-96 Through 1997-98 [Publication Details]

Nov 1, 1995 - The LAO’s Economic and Budget Projections 1995-96 Through 1997-98 [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/81

Options for Modifying the State Child Care Tax Credit

Apr 7, 2016 - Effects on Propositions 98 and 2. Proposition  98 establishes a minimum funding guarantee for schools and community colleges that is in part based on state revenue. When state revenue decreases, it is usually the case that required spending on schools decreases as well.
https://lao.ca.gov/Publications/Report/3417

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The constitution also requires the state to make deposits into a Proposition   98 r eserve when a series of conditions are met. Under the administration ’s estimates, the balance of the Proposition   98 r eserve would reach $ 487  m illion at the end of 2020 ‑21.
https://lao.ca.gov/Publications/Report/4135

The 2018-19 Budget: The Administration's Proposition 55 Estimates in the May Revision

May 22, 2018 - These revenues increase required spending on schools and community colleges through the funding requirements under Proposition  98 (1988) and increase reserve requirements and debt payments under Proposition  2 (2014).
https://lao.ca.gov/Publications/Report/3844

California’s First Film Tax Credit Program

Sep 29, 2016 - (A portion of local property taxes go to schools and community colleges, and in some years, this share will reduce somewhat the state ’s share of required school funding costs under Proposition  98.)
https://lao.ca.gov/Publications/Report/3502

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Proposition   98 Spending Generally Declines During a Recession. Proposition  98 (198 8) g overns most state funding for schools and community colleges. The measure establishes formulas for a minimum annual funding requirement, commonly referred to as the minimum guarantee.
https://lao.ca.gov/Publications/Report/3769

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - Proposition  98 would allocate roughly $4.6  million to schools. The amount set aside by Proposition  2 for reserves and debt payments would decline by $0.8  million due to the increase in non-capital gains revenue.
https://lao.ca.gov/Publications/Report/4040