Mono
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.
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.)