Over $4.5 million will be taken out of Calaveras County schools' local property taxes to fund the state's debts this fiscal year. Calaveras County K-12 school districts will see at least $1,397,786 still owed to them when the school year ends (June 2014) according to the First Principal Apportionment. Another 50% more is expected later in the school year with the Second Principal Apportionment.
In the most recent available data (2011-12), $4,642,504 was taken out of Calaveras school-allocated property tax, $3,934,330 for the VLF "Swap" and $708,174 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.
And in Other Years?
In Calaveras County, a total of $4,943,839 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $4,266,021 was redirected to satisfy the State's VLF backfill obligation. $677,818 was redirected to pay for the State's 2004 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.)
Calaveras County schools did not receive $2,388,502 of their state funding until after the 2010-11 school year was over. The delayed payments grew to $3,289,484 for the 2011-12 school year, before declining (thanks to Prop 30) to $2,176,789 this past summer (June 2013).