July 2024
2023-24 Changes in Proposition 98 Spending
(In Millions)
| 2023-24 Budget Act Proposition 98 Spending | $108,312 |
| Technical Adjustments | |
| K-12 cost shift from 2022-23 | $2,341 |
| LCFF adjustments | 794 |
| Community college cost shift from 2022-23 | 242 |
| Other adjustments | 7 |
| Subtotal | ($3,384) |
| Proposition 98 Reserve | |
| Withdrawal of remaining balance | -$8,413 |
| Elimination of required deposit | -903 |
| Subtotal | (-$9,316) |
| K-12 Education | |
| Cost shift to 2024-25 | -$3,570 |
| Universal school meals | 121 |
| Subtotal | (-$3,449) |
| California Community Colleges | |
| Cost shift to 2024-25 | -$446 |
| Total Changes | -$9,827 |
| 2023-24 Revised Proposition 98 Spending | $98,484 |
| LCFF = Local Control Funding Formula |