ERAF Contributions

The Educational Revenue Augmentation Fund (“ERAF”) was established as part of the reallocation of property taxes mandated in Fiscal years 1992-93 and 1993-94 by the State during the State’s last budget crisis. Property taxes were reallocated from counties, cities, and special districts to school districts via the ERAF, based on formulas contained in Revenue and Taxation Code Sections 97.2 and 97.3, thereby reducing State General Fund allocations to school districts. These reallocations were made a permanent part of the tax allocation process. The tax shifts legislated for 1992-93 and 1993-94 are now referred to as ERAF I and ERAF II. Legislation for 2004-05 created new tax shifts referred to as ERAF III. Contribution amounts by agency to the ERAF for Fiscal Years 1997-98 through 2017-18 are presented here by fiscal year: