In Lassen County, a total of $5,722,092 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $5,112,109 was redirected to satisfy the State's VLF backfill obligation. $609,983 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.)
Over $5.4 million will be taken out of Lassen schools' local property taxes to fund the state's debts this fiscal year. Lassen County K-12 school districts will see a minimum of $3,388,356 still owed to them when the school year ends (June 2014). Lassen Community College District will also face deferrals, exceeding $1 million of its revenue this year. In the most recent available data (2011-12), $5,455,136 was taken out of Lassen school-allocated property tax, $4,953,565 for the VLF "Swap" and $501,571 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.