EdBudget Figures
Related Figures
- Contributions to CalSTRS
- Districts' Pension Contribution Rates and Amounts
- Tracking Changes in the Proposition 98 Guarantee
- Proposition 98 Funding by Segment and Source
- 2023-24 Budget Act Contains Nearly $4 Billion in Proposition 98 Spending Proposals
- 2022-23 Changes in Proposition 98 Spending
- 2023-24 Changes in Proposition 98 Spending
- 2021-22 Changes in Proposition 98 Spending
July 2023
Proposition 98 Overview
Proposition 98 Key Inputs and Outcomes Under 2023-24 Budget Package
(Dollars in Millions)
| 2021-22 Final |
2022-23 Revised |
2023-24 Estimated |
|
| Minimum Guarantee | |||
| General Fund | $83,754 | $78,117 | $77,457a |
| Local property tax | 26,800 | 29,241 | 30,854 |
| Totals | $110,554 | $107,359 | $108,312 |
| Change From Prior Year | |||
| General Fund | $13,549 | -$5,636 | -$660 |
| Percent change | 19.3% | -6.7% | -0.8% |
| Local property tax | $932 | $2,441 | $1,613 |
| Percent change | 3.6% | 9.1% | 5.5% |
| Total funding | $14,481 | -$3,195 | $953 |
| Percent change | 15.1% | -2.9% | 0.9% |
| Inputs | |||
| General Fund tax revenueb | $220,312 | $204,533 | $201,213 |
| K-12 average daily attendancec | 5,349,982 | 5,356,421 | 5,371,161 |
| Growth Rates | |||
| K-12 average daily attendance | -8.9% | 0.1% | 0.3% |
| Per capita personal income (Test 2) | 5.7 | 7.6 | 4.4 |
| Per capita General Fund (Test 3)d | 19.8 | -6.2 | -0.8 |
| Proposition 98 Reserve | |||
| Deposit (+) or withdrawal (-) | $4,840 | $1,787 | $903 |
| Cumulative balance | 8,142 | 9,929 | 10,831 |
| Operative Test | 1 | 1 | 1 |
| a Excludes $938 million supplemental payment associated with Proposition 28 (2022). | |||
| b Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. | |||
| c Includes attendance attributable to the expansion of transitional kindergarten. | |||
| d Reflects change in per capita General Fund plus 0.5 percent. | |||
| Note: No maintenance factor is created or paid over the period. | |||