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.
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.)