Under the May Revision, Prop. 98 Annual Estimates Increase Across the Three-Year Budget Window
Prop. 98 Guarantee Levels in May 2026 Compared to Prior Estimates, Dollars in Billions
A grouped bar chart showing Prop. 98 guarantee levels across three fiscal years — 2024-25, 2025-26, and 2026-27 — comparing June 2025, January 2026, and May 2026 estimates. Across all three years, the May 2026 estimates are the highest, ranging from $124.9 billion in 2024-25 to $127.1 billion in 2026-27, reflecting upward revisions from prior estimates.
