October, 2017
School Money Matters
Online Newsletter From Municipal Revenue Service
Online Newsletter From Municipal Revenue Service
Online Newsletter From Municipal Revenue Service
©2015 Municipal Revenue Service. Municipal Revenue Service is a Patented Tax Lien Management Program. All Rights Reserved.
Helping Pennsylvania School Districts realize new revenue for their budgets by selling
delinquent property taxes with our patented tax lien management program.
“Although the Tax Lien Management Program from
Municipal Revenue Service (MRS) helps both stable and
distressed school districts through tough budget cycles by
converting unpaid property taxes into new revenue
streams,” states Jim Geronimo, COO at MRS, “we’ve
been approached by school districts that have lost most
of their fund balance due to PA funding formula disparities
and a stalled state budget that’s delaying operational and
pension fund payments. Our expertise in brokering solid
deals between financial institutions and non-profit entities
generates cash for school districts by selling their unpaid
property taxes. The need for our services doesn’t look like
it’s going to slow down anytime soon. When you take into
account fiscal challenges associated with charter schools,
pension contributions and delayed reimbursements for
construction projects, you begin to see why we’ve helped
taxing districts since 2003 with over $400 million in new
revenue generated from the sale of tax liens.” Jim also
attributes the success of the program to the unwavering
commitment to presenting educational seminars year
round and statewide. “All interested parties have to do is
contact me or Jeff Spaulding, our Director of Business
Development and we’ll schedule a seminar for you.”
Online Newsletter From Municipal Revenue Service
Online Newsletter From Municipal Revenue Service
Online Newsletter From Municipal Revenue Service
Online Newsletter From Municipal Revenue Service
Online Newsletter From Municipal Revenue Service
The MRS program provides 90 cents on the dollar
upfront. Your taxing district collects penalties and
interest from the delinquent property taxes, so you can
realize over 100% of the face value when you stay with
the program.
Maximize Added Revenue Stream Year After Year
Initiating the process, staying with the MRS program or
as in the case of Hazelton Area School District, returning
to start a new cycle of revenue generation (see below),
all these are examples of how the MRS Tax Lien
Management Program can be used continuously so your
taxing entity can maximize its cash flow, year after year.
The No-Obligation Tax Lien Management Seminar
MRS makes learning about tax lien management easy.
To schedule a no-obligation educational seminar for
your superintendent, business managers or school
board, call MRS today at 814-476-0400 and ask for Jeff
Spaulding or Jim Geronimo. Visit our website at
www.municipalrevenues.com to find out more. And
remember: We’re not tax collectors.
Let’s talk tax lien management soon.
Earlier this year we announced we were working with the Hazelton
Area School District, a previous client that decided to team up with
us again and reinstate a cash flow stream from the sale of their
delinquent property taxes. “We were so glad when they contacted us
again, presenting us with an RFP,” says Jeff Spaulding, Director of
Business Development at MRS. “It had been several years since we
last partnered to generate instant revenue from the sale of their
unpaid taxes. Their tax collection is going on uninterrupted, as
before,” Jeff explains. “And I can’t seem to state this enough, MRS is
not a tax collector.”
MRS would like to thank all attendees that stopped by our booth
August 6th & 7th, 2017 at the CCAP Annual Conference and
Tradeshow, held at Bayfront Convention Center in Erie, PA. Special
thanks goes out to those attendees that brought other county
commissioners over to the booth to hear about the program. A truly
eye-opening, educational experience, especially when they learned
they’re sitting on a dormant asset (tax liens) that can be used to
fund land banks immediately, without the need to draw from
existing budgets or raise taxes. If you couldn’t attend this year’s
CCAP Conference, contact MRS to setup a no-obligation, tax lien
management seminar, and learn firsthand about the revenue
generating program that not only performs for PA school districts,
but for PA counties too.
Helping Pennsylvania Taxing Districts Hit By Unpaid Property Taxes Generate New Revenue For Their Budgets Since 2003
Once again MRS will be exhibiting at the PASA-PSBA School Leadership
Conference at the Hershey Lodge. Stop by Booth 215 in the Exhibit Hall on
Wednesday, Oct. 18, 2017 from 11AM - 2PM, and on Thursday, Oct. 19,
2017 from 10AM -2:30PM. Jim Geronimo, MRS’ Chief Operating Officer, will
be on hand to explain how Tax Lien Management works, debunk any
misconceptions, answer questions and walk visitors through the process. Jim
will also be scheduling MRS Tax Lien Management Seminars across the
state, so please tell other school business professionals and school board
members to stop by and make arrangements to have MRS swing by your
school district as we’re about to embark on another statewide sweep of this
no-obligation, educational presentation. Better yet, forward them this
electronic newsletter! See you at the PASA-PSBA School Leadership
Conference.
MRS is proud to announce that we will be exhibiting at The
Pennsylvania Municipal League 118th Annual Summit at Erie
Bayfront Convention Center, October 6th, 2017. MRS Revenue
Specialists will be on hand at Booth 124 to answer questions and
explain what tax lien management is and how it converts unpaid
tax receivables into a positive cash stream that you can use today,
rather than waiting 4 years or more to access those funds via the
usual tax collection process. You’ll learn how this process works in
an unobtrusive way. Since MRS is not a tax collector, your tax
collection process continues uninterrupted. See you there!