Top Tax Rate Revenues Provide Significant Resources to TK-14 Education Budget

Revenue Sources to Meet the Proposition 98 Minimum Guarantee from 2011-12 to 2024-25, Dollars in Billions

Stacked area chart showing two revenue sources meeting the Proposition 98 minimum guarantee from 2011-12 through 2024-25, adjusted for inflation to 2024 dollars. Other revenues including General Fund and local property taxes make up the majority of the guarantee, while Prop. 55 revenues flowing through the Education Protection Account begin in 2012-13 and make up anywhere from 5 to 17 billion in a given year.

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Note: Figures are adjusted to 2024 dollars. Prop. 55 revenues reflect the total amount allocated to schools and community colleges in each fiscal year from the Education Protection Account. (For the first few fiscal years, these revenues were generated by Prop. 30). Other revenues include General Fund and local property taxes.

Source: California Department of Finance Get the dataEmbed Download image