July 2019

Proposition 98 Overview

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.