Back to $chools!

Over $31,000,000 of Shasta County property taxes allocated to education are taken to fund State obligations each year.  This represents 22% of the total property taxes collected in Shasta County.

 

This includes the entire $22.8 million Educational Revenue Augmentation Fund (which supplements the county’s districts according to need), plus $7.5 million a year of property tax directly allocated to specific school districts, and $800,000 directly allocated to community college districts.

 

After having a significant portion of their school property taxes redirected, Shasta County schools did not receive $19.5 million of their state funding until after the 2010-11 school year was over. The deferred payments grew to $28 million for the 2011-12 school year, before declining (as a result of Proposition 30) to $20.9 million this past summer.  In June 2014, at least $9,256,182 will still be owed to Shasta K-12 schools and probably 50% more.

 

All but the smallest school districts in Shasta suffered from these delays:  Shasta Union High, which gave up $2 million in direct property tax allocations, had $7.4 million come in after the end of the 2011-12 school year, including $4.2 million of deferrals -- even this year it will see over $900,000 come in late; Gateway Unified, which gave up $1.2 million of directly allocated property tax, had $2.5 million come in after the end of the year, of which $1.7 million was deferrals -- this year, it's hoping to 'just' see $214,384 deferred.