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.)
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.