Alpine County K-12 school districts will see a minimum of $133,063 still owed to them at the end of this school year (June 2014). Over $180,000 will have been taken out of schools' local property taxes to fund the state's debts. In the most recent available data (2011-12), $188,708 was taken out, $132,852 for the VLF "Swap" and $55,856 to pay for the 2004 Economic Recovery Bonds.
Sources: State Controller's Office, Local Government Reporting Section. (City and county detail shown in the reports, totals upon request from the SCO.) California Department of Education, First Principal Apportionment.
In Alpine County, a total of $221,405 was taken from school-allocated property taxes to pay State obligations in 2010-2011. $139,170 was redirected to satisfy the State's VLF backfill obligation. $82,235 was redirected to pay for the State's Economic Recovery Bonds.
Source: State Controller's Office, Local Government Reporting Section. (City and county detail shown in the reports, totals upon request from the SCO.)
Alpine County schools did not receive $90,345 of their base state funding until after the 2010-11 school year was over. The delayed payments grew to $171,309 for the 2011-12 school year, before declining (thanks to Prop 30) to $132,057 in June 2013.
Source: Funding Excel Files - Second Principal Apportionment from the California Dept. of Education.