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.)
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.