Back to $chools!
Return $7 billion in local funds that should be going to California schools NOW.
Glenn
Almost $5 million will be taken out of Glenn schools' local property taxes to fund the state's debts this fiscal year. Glenn County K-12 school districts will see a minimum of $3,172,058 still owed to them when the school year ends (June 2014), including over $1 million to Orland Joint Unified alone. In the most recent available data (fiscal year 2011-12), $4,969,488 was taken out of Glenn school-allocated property tax, $4,265,221 for the VLF "Swap" and $704,267 to pay for the 2004 Economic Recovery Bonds.
Can Glenn schoolchildren afford to finance the state's debts? According to the new Local Control Funding Formula, Glenn County needs 58.2% more funding to adequately educate its student population this year 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 Glenn County, a total of $4,969,567 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $4,325,025 was redirected to satisfy the State's VLF backfill obligation. $644,542 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.)
Glenn County schools did not receive $5,395,896 of their state funding until after the 2010-11 school year was over. The delayed payments grew to $6,965,608 for the 2011-12 school year, before declining (thanks to Prop 30) to $4,780,467 this past summer. Fortunately, of the money taken from all local school-allotted property tax, only a few hundred dollars was taken from the K-12 schools’ base property tax allocation, after all the county’s Educational Revenue Augmentation Fund had been emptied.
Sources: For deferrals, see the Funding Excel Files - Second Principal Apportionment from the California Dept. of Education; for “negative ERAF” -- monies taken from primary apportionments, Ed-data.k12.ca.us from the California Dept. of Education.
I'm a paragraph. Click here to add your own text and edit me. I’m a great place for you to tell a story and let your users know a little more about you.