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Consultant says tax‑lien sale could advance about $3.8 million; board to consider placement on agenda
Summary
Jim Geronimo of Municipal Revenue Services told the Wyoming Valley West School District board Wednesday that his company can purchase the district’s delinquent real‑estate tax liens and advance funds that could total about $3.8 million in sale proceeds plus an estimated $1.7–$1.8 million from the delinquent tax collector for fiscal 2025–26.
Jim Geronimo of Municipal Revenue Services told the Wyoming Valley West School District board Wednesday that his company can purchase the district’s delinquent real‑estate tax liens and advance substantial funds to the district as a single‑year sale of accounts receivable.
Geronimo described the typical transaction and estimated proceeds for fiscal 2025–26. He said Elite Revenue (the county delinquent tax collector) would remit about $1.7 million to $1.8 million to the district between July 1 and Dec. 31, 2025, and that Municipal Revenue Services would provide about $3.8 million by way of a sale. “We would provide about $3,800,000…
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