May 2022

Proposition 98 Overview

Proposition 98 Funding Changes by Segment and Source

In Millions

  Governor's Budget May
Revision		 Change
2020-21 Revised $95,936 $96,073 $137
K-12 Education      
General Funda $59,562 $59,510 -$52
Local property tax 22,527 22,504 -24
   Subtotals $82,089 $82,014 -$75
California Community Colleges      
General Fundb $7,392 $7,392 $0
Local property tax 3,374 3,365 -9
   Subtotals $10,766 $10,757 -$9
Proposition 98 Reservec $3,081 $3,302 $221
       
2021-22 Revised $99,064 $110,199 $11,135
K-12 Education      
General Funda $60,735 $70,866 $10,131
Local property tax 23,672 23,095 -578
   Subtotals $84,407 $93,960 $9,553
California Community Colleges      
General Fundb $7,528 $8,782 $1,253
Local property tax 3,546 3,465 -81
   Subtotals $11,075 $12,247 $1,172
Proposition 98 Reservec $3,582 $3,991 $409
       
2022-23 Proposed $101,980 $110,334 $8,354
K-12 Education      
General Funda $62,246 $71,116 $8,869
Local property tax 25,080 24,389 -691
   Subtotals $87,326 $95,505 $8,178
California Community Colleges      
General Fundb $7,827 $8,951 $1,124
Local property tax 3,766 3,653 -113
   Subtotals $11,593 $12,604 $1,011
Proposition 98 Reservec $3,061 $2,226 -$836
       
a Includes funding for the portion of State Preschool funded through Proposition 98 and direct instructional services provided by state agencies.
b Includes funding for the Adult Education Program.
c Reflects the size of the deposit (+) or withdrawal (-) from the Proposition 98 Reserve established by Proposition 2 (2014). Amounts consist entirely of General Fund.