EdBudget Figures
May 2026
Proposition 98 Overview
Proposition 98 Funding Changes by Segment and Source
In Millions
| Governor's Budget |
May Revision |
Change | |
| 2024-25 | $123,833 | $124,929 | $1,096 |
| K-12 Education | |||
| General Funda | $77,558 | $77,248 | -$309 |
| Local property tax | 28,302 | 28,270 | -32 |
| Subtotals | $105,859 | $105,518 | -$341 |
| California Community Colleges | |||
| General Fund | $9,794 | $9,744 | -$50 |
| Local property tax | 4,335 | 4,343 | 9 |
| Subtotals | $14,129 | $14,087 | -$42 |
| Proposition 98 Reserveb | $3,845 | $5,324 | $1,479 |
| 2025-26 | $121,420 | $125,114 | $3,695 |
| K-12 Education | |||
| General Funda | $72,807 | $73,935 | $1,127 |
| Local property tax | 29,389 | 29,130 | -259 |
| Subtotals | $102,197 | $103,065 | $868 |
| California Community Colleges | |||
| General Fund | $8,441 | $8,665 | $224 |
| Local property tax | 4,558 | 4,444 | -114 |
| Subtotals | $12,999 | $13,109 | $110 |
| Proposition 98 Reserveb | $664 | $5,001 | $4,336 |
| Settle Up (Unallocated)c | $5,560 | $3,940 | -$1,620 |
| 2026-27 | $125,480 | $127,136 | $1,656 |
| K-12 Education | |||
| General Funda | $80,913 | $82,368 | $1,455 |
| Local property tax | 30,819 | 30,478 | -341 |
| Subtotals | $111,732 | $112,846 | $1,114 |
| California Community Colleges | |||
| General Fund | $9,371 | $9,629 | $258 |
| Local property tax | 4,785 | 4,661 | -123 |
| Subtotals | $14,156 | $14,290 | $135 |
| Proposition 98 Reserveb | -$407 | — | $407 |
| a Includes the portion of State Preschool funded through Proposition 98 and direct instructional services provided by state agencies. | |||
| b Reflects the size of the deposit (+) or withdrawal (-) from the Proposition 98 Reserve established by Proposition 2 (2014). Accounts for mandatory and discretionary actions affecting reserve levels. Amounts consist entirely of General Fund. | |||
| c The state would be required to provide this funding in the future, assuming no decreases to the estimate of the Proposition 98 guarantee. | |||