And, in prior years:
In Sutter County, a total of $16,688,839 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $13,917,022 was redirected to satisfy the State's VLF backfill obligation. $2,771,817 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 $16.5 million will be taken out of Sutter County schools' local property taxes to fund the state's debts this fiscal year. Sutter County K-12 school districts will see at least $13,650,942 still owed to them when the school year ends (June 2014), including over a million to South Sutter Charter and $6.5 million to Yuba City Unified. (Yuba Community College District, which serves Sutter County, will also face deferrals exceeding $4.5 million of its revenue this year.) In the most recent available data (2011-12), $16,682,976 was taken out of Sutter school-allocated property tax, $13,441,881 for the VLF "Swap" and $3,241,095 to pay for the 2004 Economic Recovery Bonds.
Can Sutter schoolchildren afford to finance the state's debts? According to the new Local Control Funding Formula, Sutter County needs 63.9% more funding to adequately educate its student population than it's getting this school year -- putting it in the bottom quartile for the state.
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.