Over $9.5 million will be taken out of Tehama schools' local property taxes to fund the state's debts this fiscal year. Tehama County K-12 school districts will see a minimum of $6,280,855 still owed to them when the school year ends (June 2014), including over $1 million to Corning Union Elementary and Red Blugg Union Elementary. In the most recent available data (2011-12), $9,573,105 was taken out of Tehama school-allocated property tax, $7,732,928 for the VLF "Swap" and $1,840,177 to pay for the 2004 Economic Recovery Bonds.
Can Tehama schoolchildren afford to finance the state's debts? According to the new Local Control Funding Formula, Tehama County needs 56.9% more funding to adequately educate its student population this year 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 Tehama County, a total of $9,044,484 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $7,756,448 was redirected to satisfy the State's VLF backfill obligation. $1,288,036 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.)