Over $14 million will be taken out of Mendocino schools' local property taxes to fund the state's debts this fiscal year. Mendocino County K-12 school districts will see a minimum of $7,543,048 still owed to them when the school year ends (June 2014), including $2.8 million to Ukiah Unified. Mendocino-Lake Community College District will also face deferrals, exceeding $2 million of its revenue this year. And these numbers are tapped to grow with the Second Principal Apportionment later in the school year.
In the most recent available data (2011-12), $14,895,666 was taken out of Mendocino County's school-allocated property tax, $12,133,231 for the VLF "Swap" and $2,762,435 to pay for the 2004 Economic Recovery Bonds.
Can Mendocino schoolchildren afford to finance the state's debts? According to the new Local Control Funding Formula, Mendocino County needs 49% 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 Mendocino County, a total of $14,856,845 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $12,163,144 was redirected to satisfy the State's VLF backfill obligation. $2,693,701 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.)