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

Feb 4, 2026 - It made an initial payment of $300  million but did not schedule any future payments. It paid the remaining amount over the 2015 ‑16 through 2018 ‑19 period. Most recently, the June 2025 budget recognized an increase in the 2024 ‑25 guarantee but set school funding $1.9  billion below the revised estimate.
https://lao.ca.gov/Publications/Report/5110