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

Feb 4, 2026 - In October 2010, the state recognized a $1.8  billion increase to its previous estimate of the 2009 ‑10 guarantee. It made an initial payment of $300  million but did not schedule any future payments.
https://lao.ca.gov/Publications/Report/5110