Pasadena Unified School District Resolution Resolution 2869 2026-04-23
Authority Uses Tower Capital Management as Underwriter
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Description
The California Statewide Delinquent Tax Finance Authority utilizes Tower Capital Management as its underwriter to finance the purchase of delinquent tax receivables from participating school agencies, including Pasadena Unified School District. The FAQ notes Tower Capital Management’s role in purchasing receivables and maintaining required data processing for the program.
Contract Details
Vendor
TOWER CAPITAL MANAGEMENT
Agency
Pasadena Unified, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 23, 2026
Renewal Info
FAQ indicates Tower Capital Management has been selected by the JPAs in Los Angeles and Monterey counties as the program underwriter; no specific term or renewal schedule is provided in the document.
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california_statewide_delinquent_tax_finance_author.pdf
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NAcity-of-west-haven-agenda-2025-06-23_125.pdf
NAcity-of-west-haven-council-minutes-block-grants-tax-lien-sales-june-23-2025_9ce.pdf
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