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      Paid for by Educate Our State Initiative  · Initiative@EducateOurState.org · 6114 La Salle Ave, #441, Oakland , CA 94611, United States

      Mono

      In Mono County, a total of $2,911,777 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $2,362,183 was redirected to satisfy the State's VLF backfill obligation. $549,594 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 $2.8 million will be taken out of Mono schools' local property taxes to fund the state's debts this fiscal year.  Mono County K-12 school districts will see a minimum of $569,286 still owed to them when the school year ends (June 2014).  In the most recent available data (2011-12), $2,852,296 was taken out of Mono school-allocated property tax, $2,303,986 for the VLF "Swap" and $548,310 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.