January 2024

Proposition 98 Overview

Tracking Changes in the Current- and Prior-Year Proposition 98 Guarantee

In Millions

  2022-23   2023-24
  June 2023 Estimate January 2024 Estimate Change   June 2023 Estimate January 2024 Estimate Change
Minimum Guarantee $107,359 $98,306 -$9,053   $108,312 $105,586 -$2,725
General Fund $78,117 $68,563 -$9,554   $77,457 $74,633 -$2,824
Local property tax 29,241 29,742 501   30,854 30,953 99