The Minimum Guarantee Has Grown by More Than Half Since 2011-12

Annual Proposition 98 Spending, Fiscal Years 2009-10 through 2024-25, Dollars in Billions

Line chart showing annual Proposition 98 spending, adjusted for inflation to 2024 dollars from fiscal years 2009-10 through 2024-25. The guarantee starts at $79.3 billion in 2009-10, dips to a low of $69.8 billion in 2011-12, then grows steadily to $124.9 billion in 2024-25, with a notable dip in 2023-24 when the guarantee was funded below the required level.

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Note: Figures are adjusted to 2024 dollars. Shows total Prop. 98 spending from both General Fund and local property taxes. In 2023-24, the guarantee was suspended, meaning it was funded at a lower level than formulas required.

Source: California Department of Finance Get the dataEmbed Download image