EdBudget Figures
Related Figures
- Comparing Proposition 98 Guarantee Under Governor's Budget and May Revision
- Proposition 98 Key Inputs and Outcomes Under May Revision
- Proposition 98 Funding Changes by Segment and Source
- Proposition 98 Funding Per Student Under May Revision
- LAO May Outlook Estimates of Proposition 98 Guarantee
- Proposition 98 Spending Proposals Under May Revision
May 2023
Proposition 98 Overview
Comparing LAO and May Revision Estimates of the Proposition 98 Guarantee
Dollars in Millions
| 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | |
| May Revision | |||||
| General Fund | $78,115 | $77,435a | $79,733 | $81,548 | $83,828 |
| Local property tax | 28,656 | 29,404 | 30,284 | 31,260 | 32,510 |
| Totals | $106,771 | $106,839 | $110,017 | $112,808 | $116,339 |
| LAO May Outlook | |||||
| General Fund | $75,623 | $76,469a | $79,982 | $82,289 | $89,149 |
| Local property tax | 29,292 | 30,854 | 31,881 | 33,245 | 34,823 |
| Totals | $104,916 | $107,324 | $111,863 | $115,534 | $123,972 |
| Change (From May Revision to LAO May) | |||||
| General Fund | -$2,492 | -$965 | $249 | $741 | $5,321 |
| Local property tax | 637 | 1,450 | 1,597 | 1,985 | 2,312 |
| Totals | -$1,855 | $485 | $1,846 | $2,726 | $7,633 |
| a Excludes supplemental payment attributable to Proposition 28 (2022). In subsequent years, this adjustment is incorporated into the minimum guarantee. | |||||