New Revenue Stream Available to School Business Managers Struggling with a Host of Budget Challenges

February, 2017

Helping Pennsylvania Taxing Districts Hit By Unpaid Property Taxes Generate New Revenue For Their Budgets Since 2003

School Money Matters

Online Newsletter From Municipal Revenue Service

814.476.0400 yourmoney@municipalrevenues.com www.municipalrevenues.com

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Helping Pennsylvania School Districts realize new revenue for their budgets by selling delinquent property taxes with our patented tax lien management program.

New Revenue Stream Available to School Business Managers Struggling with a Host of Budget Challenges

Pennsylvania Governor Tom Wolf presented his 2017-18 state budget proposal that plans $2 billion in cuts and savings, yet promises not to raise sales and income taxes. A pattern of budget cutting, property tax increases, skyrocketing pension obligations and shrinking fund balances (as a result of last year’s budget impasse) continues to exist and persist. Any increases in education funding in the proposed budget are welcome, but may not be enough, according to Jay Himes, executive director of the Pennsylvania Association School Business Officials (PASBO). “That's just not enough new dollars,” Himes recently stated to the press. School Districts Can Create a New Cash Stream to Help Ride Out Budget Cuts and Shortfalls from Uncertain Revenue Generating Tax Proposals. With an estimated added state budget gap of $3 billion in the next 2 years, and a 8.5% rate increase in pension obligations (that isn’t slowing the compounded growth of that $70 billion beast) it’s simply unclear and perhaps foolish to bank on promises and proposals at this point. Although Governor Wolf has floated the idea of a severance tax on natural gas drilling, it is uncertain that the proposed tax would generate the $300 million he estimates. The volatility and fluctuation of natural gas prices clouds exact predictions. A tried and true method is needed to generate new revenue, beyond simply increasing property tax rates. Since 2003 the Municipal Revenue Service (MRS) Tax Lien Management Program has done just that, helping taxing districts across Pennsylvania create instant money for their school budgets by selling their unpaid property taxes. Over $400 million has been generated statewide using the MRS system.

Teacher Pension Costs will Rise Faster in 2017-18 than Expected. MRS Tax Lien Management Can Help Offset this Accelerated, Skyrocketing Pace. The Public School Employees' Retirement System (PSERS), recently voted to raise the amount school districts must contribute from 30.03 percent to 32.57, a 8.5 percent increase. PSERS officials originally predicted the rate would max out at 32 percent in 2018-2019, but that forecast never had a chance to be tested. This sizable hike was a surprise to school business managers. Some will use the MRS program again, a real help in offsetting budget-consuming surprises as it provides instant revenue without interrupting their tax collection process already in place. It simply accelerates the process by selling unpaid property taxes, providing up to 90 cents on the dollar today, and up to and beyond the face value when you stay with the program. This is possible because the taxing district retains late fees and interest charges with MRS Tax Lien Management, the only time-tested and patented program to do so with a 100% success rate. All this without having to wait 4 years or more for your money. The No-Obligation Tax Lien Management Seminar. MRS makes learning about tax lien management easy. Business managers can request the MRS, no-obligation seminar and can also make arrangements to have it presented to their school board and superintendent as well. To schedule a no-obligation educational seminar 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.

Online Newsletter From Municipal Revenue Service

School Money Matters School Money Matters

Online Newsletter From Municipal Revenue Service

What Exactly is “Tax Lien Management” & Why Should My School District Consider Relying On It as a Revenue Generating Source?

The MRS User’s Guide simply & clearly defines tax lien management. Contact MRS & get your copy today!

Firstly, we at MRS are not tax collectors. The MRS Tax Lien Management Program generates revenue streams from the sale of your delinquent taxes:

Generates instant revenue from the sale of unpaid property taxes. Uses business sector models, tactics and strategies to increase cash flow. Program can be used continually, maximizing your cash flow year after year. Receive up to 90 cents on the dollar at the time of sale, then up to 110% or more of the face value of the tax liens when you stay with the program. A turnkey program that doesn’t require time or effort from your existing staff.

Contact MRS today and schedule a no-obligation, educational seminar on tax lien management and we’ll send you a free copy of the MRS User’s Guide.

Municipal Revenue Service is Once Again a Proud Exhibitor at the PASBO Annual Conference & Exhibits (Booth 1204)

Plan to stop by Booth 1204, pick up a copy of our latest “User’s Guide to Generating Revenue by Selling Your Delinquent Real Estate Taxes” and let’s talk about selling your tax liens for instant revenue you can start using in your budget immediately.