Over $7.2 million will be taken out of Tuolumne schools' local property taxes to fund the state's debts this fiscal year. And Tuolumne County K-12 school districts will see a minimum of $2,474,153 of it still owed to them when the school year ends (June 2014). $7,213,867 was taken out of Tuolumne school-allocated property tax in the latest reported year (2011-12), $5,727,777 for the VLF "Swap" and $1,486,090 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 Tuolumne County, a total of $7,193,853 was taken out of school-allocated property taxes to pay State obligations in 2010-2011. $5,937,210 was redirected to satisfy the State's VLF backfill obligation. $1,256,643 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.)