July 2023
K-12 Funding by Source
(Dollars in Millions Except Funding Per Student)
2021-22 Final |
2022-23 Revised |
2023-24 Enacted |
Change From 2022-23 | ||
Amount | Percent | ||||
Proposition 98 | |||||
General Fund | $70,236 | $67,786 | $68,101 | $315 | 0.5% |
Local property tax | 23,286 | 25,455 | 26,852 | 1,397 | 5.5 |
Subtotals | $93,521 | $93,241 | $94,953 | $1,712 | 1.8% |
Other State | |||||
Other General Funda | $11,528 | $9,609 | $11,388b | $1,778 | 18.5% |
Lottery | 1,689 | 1,432 | 1,430 | -2 | -0.1 |
Special funds | -347 | 308 | 503 | 195 | 63.5 |
Subtotals | $12,871 | $11,349 | $13,321 | $1,972 | 17.4% |
Other Local | |||||
Property taxes for local facility bonds | $5,049 | $5,650 | $5,650 | $0 | 0.0% |
Other taxes, fees, and reimbursementsc | 5,952 | 5,600 | 5,539 | -61 | -1.1 |
Subtotals | $11,001 | $11,250 | $11,189 | -$61 | -0.5% |
Federal Funds | |||||
One-time aidd | $7,119 | $3,537 | $297 | -$3,240 | -91.6% |
Other federal funds | 8,003 | 7,821 | 8,024 | 203 | 2.6 |
Subtotals | $15,122 | $11,358 | $8,321 | -$3,037 | -26.7% |
Totals | $132,515 | $127,199 | $127,784 | $585 | 0.5% |
Studentse | 5,349,982 | 5,356,421 | 5,371,161 | 14,740 | 0.3% |
Proposition 98 funding per student | $17,481 | $17,407 | $17,678 | $271 | 1.6 |
Total funding per student | 24,769 | 23,747 | 23,791 | 44 | 0.2 |
a Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, and non-Proposition 98 funding for the California State Preschool Program. Also includes one-time facility funding and operational expenses of the California Department of Education and certain other agencies. | |||||
b Includes $938 million increase in funding for arts instruction as required by Proposition 28 (2022). | |||||
c Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements. | |||||
d Consists of funding from the Coronavirus Aid, Relief, and Economic Security Act (March 2020), the Coronavirus Response and Relief Supplemental Appropriations Act (December 2020), and the American Rescue Plan Act (March 2021). | |||||
e Reflects average daily attendance. |