January 2018
Tracking Changes in the Proposition 98 Minimum Guarantee
(In Millions)
2016-17a | 2017-18 | ||||||
June 2017 Estimate | January 2018 Estimate | Change | June 2017 Estimate | January 2018 Estimate | Change | ||
Minimum Guarantee | |||||||
General Fund | $50,488 | $49,993 | -$495 | $52,631 | $52,741 | $109 | |
Local property tax | 20,902 | 21,397 | 495 | 21,892 | 22,470 | 578 | |
Totals | $71,390 | $71,390 | — | $74,523 | $75,211 | $687 | |
a Includes General Fund provided on top of the minimum guarantee. |