EdBudget Figures
Related Figures
- Tracking Changes in the Proposition 98 Guarantee
- Proposition 98 Funding by Segment and Source
- Budget Pays Down School and Community College Deferrals
- Contributions to CalSTRS
- Districts' Pension Contribution Rates and Amounts
- 2020-21 Changes in Proposition 98 Spending
- 2021-22 Changes in Proposition 98 Spending
July 2021
Proposition 98 Overview
Proposition 98 Key Inputs and Outcomes Under 2021-22 Budget Package
(Dollars in Millions)
| 2019-20 Final |
2020-21 Revised |
2021-22 Estimated |
|
| Minimum Guarantee | |||
| General Fund | $54,483 | $67,685 | $66,374 |
| Local property tax | 24,846 | 25,745 | 27,365 |
| Totals | $79,329 | $93,430 | $93,739 |
| Change From Prior Year | |||
| General Fund | -$263 | $13,202 | -$1,310 |
| Percent change | -0.5% | 24.2% | -1.9% |
| Local property tax | $1,070 | $899 | $1,620 |
| Percent change | 4.5% | 3.6% | 6.3% |
| Total funding | $807 | $14,100 | $309 |
| Percent change | 1.0% | 17.8% | 0.3% |
| General Fund Tax Revenuea | $143,406 | $178,080 | $174,610 |
| Growth Rates | |||
| K-12 average daily attendance | -0.4% | -0.4%b | -2.0% |
| Per capita personal income (Test 2)c | 3.9% | 3.7% | 5.7% |
| Per capita General Fund (Test 3)d | 1.1% | 24.5% | -1.0% |
| Proposition 98 Reserve | |||
| Deposit (+) or withdrawal (-) | – | $1,889 | $2,617 |
| Cumulative balance | – | 1,889 | 4,506 |
| Operative Test | 1 | 1 | 1 |
| Note: No maintenance factor is created, paid, or owed over the period. | |||
| a Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. | |||
| b For calculating the guarantee, Chapter 24 of 2020 (SB 98, Committee on Budget and Fiscal Review) deems the change in attendance in 2020‑21 to be the same as the change in 2019‑20. | |||
| c Reflects change in per capita income during the previous fiscal year. | |||
| d Reflects change in per capita General Fund plus 0.5 percent. | |||