Over $2 million will be taken out of Trinity County school districts' local property taxes to fund the state's debts this fiscal year. Trinity County K-12 school districts will see a minimum of $903,246 still owed to them when the school year ends (June 2014). In the most recent available data (2011-12), $2,015,174 was taken out of Trinity's school-allocated property tax, $1,745,289 for the VLF "Swap" and $269,885 to pay for the 2004 Economic Recovery Bonds.
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 Trinity County, a total of $1,902,111 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $1,708,163 was redirected to satisfy the State's VLF backfill obligation. $193,948 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.)