Sutter County Returns $80M in School Funds Error
Fresno News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Sutter County Returns $80M to California After School Fund Mix-Up
Sutter County officials are returning $80M to the California state controller after an overpayment in K-12 school funds due to a spreadsheet error. The state accidentally shifted monthly education payments among eleven counties, causing funds to go to the wrong counties in alphabetical order. Sutter County received money meant for Stanislaus County, while Stanislaus ended up short about $60M. The county gets to keep over $200K in interest earned on the windfall, which helps their lean budget.
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