May 2022
Comparing Proposition 98 Guarantee Under Governor's Budget and May Revision
In Millions
2020-21 | 2021-22 | 2022-23 | Three-Year Totals | |
Governor’s Budget | ||||
General Fund | $70,035 | $71,845 | $73,134 | $215,015 |
Local property tax | 25,901 | 27,219 | 28,846 | 81,966 |
Totals | $95,936 | $99,064 | $101,980 | $296,981 |
May Revision | ||||
General Fund | $70,204 | $83,639 | $82,292 | $236,135 |
Local property tax | 25,869 | 26,560 | 28,042 | 80,470 |
Totals | $96,073 | $110,199 | $110,334 | $316,606 |
Change | ||||
General Fund | $169 | $11,793 | $9,158 | $21,120 |
Local property tax | -32 | -659 | -804 | -1,495 |
Totals | $137 | $11,135 | $8,354 | $19,625 |