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Proposition 98 Fiscal Progress Report 2016-17: Achievements and Challenges

Learn how Proposition 98 has driven growth in education funding, reduced debt, and tackled deferrals, with insights on fiscal health, balanced budgets, and potential risks ahead.

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Proposition 98 Fiscal Progress Report 2016-17: Achievements and Challenges

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Presentation Transcript

  1. Proposition 98Spending Highlights - 2016-17 April, 2016 Jeff Bell Program Budget Manager

  2. Proposition 98 has grown 51% over the last 6 years. Dollars in Billions

  3. Proposition 98 Debt Reduced by Over $24 Billion 3 $27.5 B $3.4 B 2011-12 2016-17

  4. Deferrals Eliminated in 2014-15 Dollars in Millions

  5. Proposition 98 K-12 per pupil funding has grown 51% over the last six years. Dollars in Thousands $3,600 per pupil increase

  6. Target GAP Funding LCFF Projected to be 95% Implemented in 2016-17 Dollars in Billions Base

  7. General Fund Expenditure by Agency 2011-12 2016-17

  8. General Fund Expenditure by Agency 2007-08 2016-17

  9. General Fund Expenditure by Agency 2016-17 2005-06

  10. 2016-17 General Fund Revenues vs. Expenditures

  11. Balanced Budgets Have Been Quickly Followed by Huge Deficits

  12. Unpredictable Capital Gains

  13. Current Recovery Already Two Years Longer Than Average

  14. Recession Could Cause Loss of $55 Billion in Revenues by 2019-20

  15. More Permanent Spending, Combined with Recession, Would Be Devastating

  16. Thank You! April, 2016

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