JPAs Select Tower Capital as Delinquent Tax Underwriter

The joint powers authorities in Los Angeles and Monterey counties have selected Tower Capital Management of Morristown, New Jersey as underwriter for the delinquent property tax financing program, responsible for purchasing participating schools' delinquent tax receivables and operating the necessary data processing systems. The arrangement supports participating educational agencies by monetizing delinquent tax receivables without impacting their debt capacity.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Document type

Report

Source document

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

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

DISCUSSSED

Pasadena Unified, CaliforniaApr 23, 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 Norwalk-La Mirada Unified?

Tower Capital Management was awarded this financial services contract by Norwalk-La Mirada Unified, as recorded on March 30, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in California Statewide Delinquent Tax Finance Authority Frequently Asked Questions 2026-03-30 (Report), dated March 30, 2026 from Norwalk-La Mirada 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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