Monterey County Office of Education Awards Financial Services Contract to Tower Capital Management (June 2025)

The Monterey County Board of Education approved Resolution No. 24-25-57 to assign delinquent property tax receivables for fiscal years 2025 through 2027 to the Monterey County Educational Delinquent Tax Finance Authority, which will sell them to Tower Capital Management. This participation provides additional unrestricted income to the Monterey County Office of Education based on countywide property tax delinquencies.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Fiscal years ending June 30, 2025, 2026, and 2027

Renewal date

2027-06-30

Renewal

Continuation of longstanding participation (since 2003) in the delinquent property tax receivables sale program, assigning receivables for fiscal years ending June 30, 2025, 2026, and 2027 to the Authority for sale to Tower Capital Management.

Document type

Resolution

Source document

monterey_county_office_of_education_resolution_24.pdf

Related contracts

Other contracts from Tower Capital Management.

View all →

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

DISCUSSSED

Pasadena Unified, CaliforniaApr 23, 2026

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

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 Monterey County Office of Education?

Tower Capital Management was awarded this financial services contract by Monterey County Office of Education, as recorded on June 25, 2025.

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 monterey_county_office_of_education_resolution_24.pdf (Resolution), dated June 25, 2025 from Monterey County Office of Education. 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.

View Tower Capital Management's profile

What is Monterey County Office of Education currently buying?

Explore Monterey County Office of Education's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Monterey County Office of Education's profile