Board To Extend Delinquent Tax Financing Program
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Description
The Board is asked to renew its participation in the California Statewide Delinquent Tax Finance Authority program, assigning delinquent tax receivables through June 30, 2028. Under the program, Glendora USD receives face value plus a 10% premium on delinquent taxes while the JPA retains interest and penalties.
Contract Details
Vendor
CALIFORNIA STATEWIDE DELINQUENT TAX FINANCE AUTHORITY
Agency
Glendora Unified, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
Through fiscal year ending June 30, 2028
Renewal Date
2028-06-30
Renewal Info
Program participation, originally begun in 2002, is proposed to be extended for an additional three fiscal years through June 30, 2028 via Resolution #25-26-16.
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