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.