EdBudget Figures
Related Figures
- Proposition 98 Funding by Segment and Source
- Tracking Changes in the Proposition 98 Minimum Guarantee
- Governor's Budget Contains $17.7 Billion in Proposition 98 Spending Proposals
- 2022-23 Changes in Proposition 98 Spending
- Contributions to CalSTRS
- Districts' Pension Contribution Rates and Amounts
January 2022
Proposition 98 Overview
Proposition 98 Key Inputs and Outcomes Under Governor's Budget
(Dollars in Millions)
| 2020-21 | 2021-22 | 2022-23 | |
| Minimum Guarantee | |||
| General Fund | $70,035 | $71,845 | $73,134 |
| Local property tax | 25,901 | 27,219 | 28,846 |
| Totals | $95,936 | $99,064 | $101,980 |
| Change From Prior Year | |||
| General Fund | $15,552 | $1,810 | $1,289 |
| Percent change | 28.5% | 2.6% | 1.8% |
| Local property tax | $1,055 | $1,318 | $1,627 |
| Percent change | 4.2% | 5.1% | 6.0% |
| Total guarantee | $16,607 | $3,128 | $2,916 |
| Percent change | 20.9% | 3.3% | 2.9% |
| General Fund Tax Revenuea | $184,264 | $188,997 | $190,686 |
| Growth Rates | |||
| K-12 average daily attendance | -0.4% | -2.7% | 0.1% |
| Per capita personal income (Test 2) | 3.7% | 5.7% | 4.4% |
| Per capita General Fund (Test 3)b | 29.8% | 2.8% | 0.9% |
| Proposition 98 Reserve | |||
| Deposit (+) or withdrawal (‑) | $3,081 | $3,582 | $3,061 |
| Cumulative balance | 3,081 | 6,663 | 9,725 |
| Operative Test | 1 | 1 | 1 |
| a Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. | |||
| b As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5 percent. | |||
| Note: No maintenance factor is created or paid over the period. | |||