Authority Uses Tower Capital Management as Underwriter

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.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

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.

Document type

Resolution

Source document

Pasadena Unified School District Resolution Resolution 2869 2026-04-23

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California Statewide Delinquent Tax Finance Authority Frequently Asked Questions 2026-03-30

ONGOING

Norwalk-La Mirada Unified, CaliforniaMar 30, 2026

california_statewide_delinquent_tax_finance_author.pdf

PENDING

Las Virgenes Unified, CaliforniaNov 12, 2025

monterey_county_office_of_education_resolution_24.pdf

approved

Monterey County Office of Education, CaliforniaNAJun 25, 2025

monterey_county_office_of_education_resolution_24.pdf

APPROVED

Monterey County Office of Education, CaliforniaJun 25, 2025

city-of-west-haven-agenda-2025-06-23_631.pdf

City of West Haven, ConnecticutNAJun 23, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Pasadena Unified?

Tower Capital Management was awarded this financial services contract by Pasadena Unified, as recorded on April 23, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Pasadena Unified School District Resolution Resolution 2869 2026-04-23 (Resolution), dated April 23, 2026 from Pasadena Unified. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tower Capital Management hold?

Tower Capital Management may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Pasadena Unified currently buying?

Explore Pasadena Unified's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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