The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - From  an accounting perspective, nearly all of this spending ($8.1  billion) is attributable to the increase in the 2026 ‑27 guarantee. Most of the remaining $1.6  billion relates to 2024 ‑25, reflecting the increase in the guarantee and the settle ‑up payment being made that year.
https://lao.ca.gov/Publications/Report/5110