July 2019
Tracking Changes in the Proposition 98 Minimum Guarantee and Spending
(In Millions)
2017-18 | 2018-19 | ||||||
June 2018 | June 2019 | Change | June 2018 | June 2019 | Change | ||
Minimum Guarantee | $75,618 | $75,459 | -$158 | $78,393 | $78,146 | -$247 | |
Spending: | |||||||
Proposition 98 | $75,618 | $75,576 | -$42 | $78,393 | $78,146 | -$247 | |
Settle-up payment for LCFF | – | – | – | – | 368 | 368 | |
Total Spending | $75,618 | $75,576 | -$42 | $78,393 | $78,514 | $121 | |
LCFF = Local Control Funding Formula. |