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

Feb 4, 2026 - For example, in July 2009, the state identified a $212  million obligation related to meeting the 2006 ‑07 guarantee. Trailer legislation scheduled the payment for 2014 ‑15 (later changed to 2015 ‑16).
https://lao.ca.gov/Publications/Report/5110