May 2022

Proposition 98 Overview

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