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JPAs Select Tower Capital as Delinquent Tax Underwriter

Norwalk-La Mirada Unified logoNorwalk-La Mirada Unified
Document date
Mar 30, 2026

The 30-second brief

What it covers

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.

Who holds it

Tower Capital Management holds this financial services contract with Norwalk-La Mirada Unified. Its other public contracts on record include work for Antelope Valley Union High and Pasadena Unified.

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Contract details

Contract type
Financial Services
Document date
March 30, 2026
Vendor
Tower Capital Management
Agency
Norwalk-La Mirada Unified
Source document
California Statewide Delinquent Tax Finance Authority Frequently Asked Questions 2026-03-30 (Report)

Tower Capital Management's other public contracts

Antelope Valley Union High, CaliforniaTower Capital Management Selected as Tax Program Underwriter · May 7, 2026UndisclosedPasadena Unified, CaliforniaAuthority Uses Tower Capital Management as Underwriter · Apr 23, 2026UndisclosedLas Virgenes Unified, CaliforniaBoard to Review Tower Capital Management Annual Report · Nov 12, 2025UndisclosedMonterey County Office of Education, CaliforniaDelinquent tax receivables assigned to Tower Capital Management · Jun 25, 2025UndisclosedMonterey County Office of Education, CaliforniaMCOE Extends Delinquent Tax Receivables Financing Program · Jun 25, 2025UndisclosedAll Tower Capital Management contractsVendor profile

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Questions about this contract

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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What is Norwalk-La Mirada Unified currently buying?

Explore Norwalk-La Mirada Unified's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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