SCHOOLS TO PARTNER ON TAXES DELINQUENT BILL COLLECTIONS TO SUPPLY NEW REVENUES FOR LOCAL DISTRICTS.Byline: Bhavna Mistry Staff Writer Several school districts in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County are forming a joint powers authority A Joint Powers Authority (JPA) is an institution permitted under the laws of some states of the USA, whereby two or more public authorities (e.g. local governments, or utility or transport districts) can operate collectively. that will collect penalties and interest from delinquent delinquent 1) adj. not paid in full amount or on time. 2) n. short for an underage violator of the law as in juvenile delinquent. DELINQUENT, civil law. He who has been guilty of some crime, offence or failure of duty. property tax bills - money that otherwise would go to the state. The Los Angeles, Las Virgenes, Glendale, Long Beach and Downey Unified School districts A unified school district is a school district which includes both primary school (kindergarten through middle school or junior high) and high school (grades 9-12). In Illinois, these districts are called unit school districts. will be the founding members of the authority, collecting revenue from delinquent tax payments - along with an additional 8 percent, guaranteed. ``Currently the penalties and interest don't help California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). school districts, they help the state of California,'' said Paul Goldfinger, a spokesman for School Services http://commons.wikimedia.org/wiki/Image:Schools_Collection_May_2007_2.JPGSchool Services are a business unit of the National Library of New Zealand (Te Puna Mātauranga o Aotearoa). They provide curriculum and advisory services to support New Zealand schools. of California, a company that created the program and offered it to districts statewide. ``This program guarantees 8 percent of the delinquent property tax amount as additional funding.'' Under the plan, the joint powers authority will purchase delinquent tax payments from each participating school district. The authority then will sell them to the National Tax Assistance Corp., which will collect the delinquent taxes, plus penalties and interest as the taxpayers make their payments. The NTAC NTAC National Technical Assistance Center NTAC National Transgender Advocacy Coalition NTAC National Threat Assessment Center (United States Secret Service) NTAC National Technical Advisory Committee will pay each school district 100 percent of the amount of the delinquent property taxes, plus an 8 percent premium. ``There is no risk for the school districts,'' Goldfinger said. ``They would get the money up front. That's why it's so beneficial.'' NTAC will borrow money in advance to pay the district 108 percent and it will make what it hopes to be a profit from the difference between the amount it gets and its costs. While logistics are still being worked out, many of the founding school districts have begun approving the joint powers authority to move the process forward. Other districts in Los Angeles County also have the option of participating in the agreement. Hoping to bring the district any additional money it can, the Las Virgenes Unified school board was one of the first to approve participation in the so-called ``Teeter Plan.'' ``It's another option to bring revenue to the district,'' Deputy Superintendent Deputy Superintendent, or Deputy Superintendent of Police (DSP), was a rank used by police forces of the British Empire. In some territories it was called Deputy District Superintendent of Police (DDSP). Don Zimring said. ``The amount we get will be from the delinquent taxes owed within our district. Without this plan the state would deduct de·duct v. de·duct·ed, de·duct·ing, de·ducts v.tr. 1. To take away (a quantity) from another; subtract. 2. To derive by deduction; deduce. v.intr. what they normally pay us.'' While officials agree that the money will be minimal, they say it's better than nothing. Last year the 14-school district received $14 million in revenues from state property taxes. If they participate in the program, they are expected to receive an additional $65,000 to $70,000. ``It's just taking advantage of existing law that other districts have been doing for some time,'' Zimring said. ``It's utilizing the system as best as we can so that we can provide for our students.'' Though nearly all surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. counties currently have similar Teeter Plans in place, Los Angeles County opted not to participate in such an agreement and does not receive any money or interest from delinquent payments. ``L.A. County government has looked at this and found that it doesn't work for them,'' Goldfinger said. ``They looked at it several years ago and recently and they continued to reach the decision that it doesn't make sense to go into the Teeter Plan.'' The change in law last year, now allows school district and other agencies to form joint powers authority and work to capture a portion of the delinquent tax payments. |
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