The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - Proposition 98 Proposition 98 Sets Minimum Level of School Funding. Proposition 98 (1988) amended the California Constitution to establish a minimum annual funding requirement for schools and community colleges.
https://lao.ca.gov/Publications/Report/4819

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Make Optional Proposition 98 Reserve Deposit. An additional one ‑time deposit into the Proposition 98 Reserve would increase the protection for ongoing programs in the event of an economic downturn, reducing the likelihood of cuts or deferrals.
https://lao.ca.gov/Publications/Report/4473

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - The nearby box gives more detail about the out ‑year condition of the Proposition  98 budget. Proposition  98 Multiyear Outlook Proposition  98 Establishes “Budget Within a Budget. ” By requiring the state to set aside certain amounts of funding, Proposition  98 (1988) creates a budget for schools and community colleges within the state ’s larger budget.
https://lao.ca.gov/Publications/Report/4646

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Rebenching Proposition   98 for Wildfire ‑Related Property Tax Losses. The May Revision proposes rebenching the Proposition  98 minimum funding guarantee to account for property tax revenue losses resulting from the January 2025 Los Angeles wildfires.
https://lao.ca.gov/Publications/Report/5044

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 2022-23 Budget: Overview of Proposition 98 Proposals [Publication Details]

Jan 27, 2022 - The 2022-23 Budget: Overview of Proposition 98 Proposals [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/4502

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Proposition 98 General Fund Spending Grows Over the Period. Under our main forecast, General Fund spending to meet the Proposition 98 guarantee grows to $87.8 billion in 2025 ‑26, an increase of $12.4 billion compared with the revised 2021 ‑22 level.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - This total includes $3.5  billion from the General Fund (non ‑Proposition  98), $1.5  billion in Proposition  98 General Fund, $676  million from the Greenhouse Gas Reduction Fund (GGRF), and $383  million in federal funds.
https://lao.ca.gov/Publications/Report/4492

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Using one ‑time funds to cover ongoing costs creates a deficit in the Proposition  98 budget the following year. Funds School Facilities Grants. The 2022 ‑23 budget package provided $1.3   billion one ‑time non ‑Proposition   98 General Fund to cover the state share for new construction and modernization projects under the School Facility Program (SFP).
https://lao.ca.gov/Publications/Report/4788

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - Proposition   98 Reserve Reaches $9.5   Billion. In addition, the Proposition  98 Reserve, which is dedicated to school and community college spending, would reach $9.5  billion under the Governor ’s May Revision.
https://lao.ca.gov/Publications/Report/4598