CA AB2711

Requires the Orange County auditor, starting in fiscal year 2019-20, to increase property tax revenue allocated to the county by a "county equity amount" while decreasing allocations to the county's Educational Revenue Augmentation Fund by the same amount

Defines the county equity amount for 2019-20 as 1% of property tax revenue otherwise allocated to the Educational Revenue Augmentation Fund, with annual adjustments in subsequent years based on assessed valuation growth

Allows reductions to school district property tax allocations if Educational Revenue Augmentation Fund revenues are insufficient to cover the county equity amount, while protecting community college district allocations from any reductions

Justifies the special statute based on Orange County receiving the lowest percentage of countywide property tax revenues of all California counties, as documented in the State Board of Equalization's 2015-16 Annual Report

Provides for state reimbursement of local agency and school district costs if the Commission on State Mandates determines the bill creates state-mandated costs