Over $84 million will be taken out of Sonoma schools' local property taxes to fund the state's debts this fiscal year. Sonoma County K-12 school districts will see at least $22,293,399 still owed to them when the school year ends (June 2014) according to the First Principal Apportionment. This is expected to grow by another $10 million with the Second Principal Apportionment in June.
Sonoma Community College District will also face deferrals, almost $10 million of its revenue this year.
Altogether, about half of the property tax diverted from Sonoma County's schools will not be repaid by the end of the school year. And Sonoma is one of the more fortunate counties -- statewide the average is 70%.
In the most recent available data (2011-12), $84,222,298 was taken out of Sonoma school-allocated property tax, $66,847,876 for the VLF "Swap" and $17,374,422 to pay for the 2004 Economic Recovery Bonds.
Can Sonoma County's schoolchildren afford to finance the state's debts? According to the new Local Control Funding Formula, Sonoma County needs 49.6% more funding to adequately educate its student population than it's getting this school year.
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 Sonoma County, a total of $84,062,870 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $68,169,059 was redirected to satisfy the State's VLF backfill obligation. $15,893,811 was redirected to pay for the State's 2004 Economic Recovery Bonds. This increased to $84,222,298 in 2011-12.
Source: State Controller's Office, Local Government Reporting Section. (City and county detail shown in the reports, totals upon request from the SCO.)