January 2023

Proposition 98 Overview

Proposition 98 Funding by Segment and Source

Dollars in Millions Except Funding Per Student

   2021-22
Revised		 2022-23
Revised		 2023-24
Proposed		 Change From 2022-23
Amount Percent
K-12 Education          
General Funda $71,130 $69,294 $70,489b $1,195 1.7%
Local property tax 23,273 24,241 25,393 1,151 4.7   
   Subtotals ($94,403) ($93,535) ($95,881) ($2,346) (2.5%)
California Community Colleges          
General Fund $8,790 $8,713 $8,758 $45 0.5%
Local property tax 3,512 3,648 3,811 164 4.5   
   Subtotals ($12,301) ($12,360) ($12,569) ($209) (1.7%)
Reserve Deposit/Withdrawal (+/-)c $3,710 $1,096 $365 -$730 -66.7%
   Totals $110,415 $106,991 $108,816 $1,825 1.7%
           
Enrollment          
K-12 attendance 5,348,132 5,512,717 5,468,175 -44,542 -0.8%
Community college FTE students 1,107,128 1,106,951 1,106,451 -500 0.0   
           
Funding Per Student          
K-12 Education $17,652 $16,967 $17,534 $567 3.3%
California Community Colleges 11,111 11,166 11,360 194 1.7   
           
a Includes funding for instruction provided directly by state agencies and the portion of State Preschool funded through Proposition 98.
b Excludes $941 million supplemental payment associated with Proposition 28 (2022).     
c Proposition 98 Reserve established by Proposition 2 (2014). Amounts consist entirely of General Fund.     
FTE = full-time equivalent.