Modoc
Over $1.5 million will be taken out of Modoc schools' local property taxes to fund the state's debts this fiscal year. Modoc County K-12 school districts will see a minimum of $1,025,368 still owed to them when the school year ends (June 2014). In the most recent available data (2011-12), $1,547,114 was taken out of Modoc school-allocated property tax, $1,393,123 for the VLF "Swap" and $153,991 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.
In Modoc County, a total of $1,509,898 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $1,328,271 was redirected to satisfy the State's VLF backfill obligation. $181,627 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.)