Over $4.5 million will be taken out of Del Norte schools' local property taxes to fund the state's debts this fiscal year. Del Norte K-12 school districts will see a minimum of $1,698,550 still owed to them when the school year ends (June 2014), with 50% more on the statute books. In the most recent available data (2011-12), $4,547,860 was taken out of Del Norte education-allocated property tax, $4,042,306 for the VLF "Swap" and $505,554 to pay for the 2004 Economic Recovery Bonds.
Can Del Norte schoolchildren afford to finance the state's debts? According to the new Local Control Funding Formula, Del Norte County needs 58.8% more funding to adequately educate its student population than it's getting this school year.
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 Del Norte County, a total of $4,603,266 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $4,121,798 was redirected to satisfy the State's VLF backfill obligation. $481,468 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.)
Del Norte County schools did not receive $2,166,590 of their state funding until after the 2010-11 school year was over. The deferred payments grew to $4,560,475 for the 2011-12 school year, before declining (thanks to Prop 30) to $3,151,040 this past summer.
Sources: Funding Excel Files - Second Principal Apportionment from the California Dept. of Education