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FINANCIAL_SERVICESRENEWED

Glendora Unified School District Board of Education Meeting Agenda April 2026

Board To Extend Delinquent Tax Financing Program

Glendora UnifiedCALIFORNIA STATEWIDE DELINQUENT TAX FINANCE AUTHORITYApril 27, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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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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