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Little Compton reports stronger tax collections; council hears plan to refer delinquent tangible taxes to collection agency
Summary
Finance Director John McNamee told the Little Compton Town Council the town collected most outstanding FY2024 taxes and saw strong early FY2025 cash receipts; staff said delinquent tangible personal property taxes will be referred to Rossi Law for collection.
The Little Compton Town Council on Aug. 5 heard a fiscal update from Finance Director John McNamee showing stronger-than-expected tax collections and a plan to refer remaining delinquent tangible taxes to a collection agency.
McNamee told the council the town ended the fiscal year with roughly $175,000 in outstanding FY2024 taxes, and that collections from July 1 to Aug. 5 reduced that balance by about $3,340,000, leaving approximately $134,000 still outstanding for FY2024. He said tax bills for the current fiscal year were mailed July 17 and that cash collections in the same July 1–Aug. 5 period totaled about $22,069,000. McNamee said an additional roughly $1,025,000 in FY2025 receivables was collected in the weeks following the bills’ mailing.
The report noted the town sent delinquency notices in early July, which McNamee said helped accelerate payments. For outstanding tangible personal property taxes that remain unpaid, staff said the town intends to engage Rossi Law to handle collections for those accounts; Rossi Law was expected to send a proposed agreement, similar to a 2016 arrangement but with requested changes, and staff anticipated the contract would be ready by the next council meeting.
Councilors moved to place the department-head reports on file (a motion to place all seven reports on file was made and seconded; one item was pulled for discussion). McNamee remained after the department reports discussion to address related new-business items.
Discussion-only items: council members asked for the list of prior-year delinquencies and the timing for a second delinquency notice; staff said a second notice would be sent before the end of August. McNamee said the town planned to give a one-month grace period before referring tangible tax accounts to outside collection.
The council did not adopt a new ordinance or change tax policy during the meeting; members approved actions to file the department reports and directed staff to proceed with the planned collection steps and solicitor review of any contract with Rossi Law.
Ending: Councilors asked staff to provide the detailed delinquency list and the timing of the second notice at a future meeting.
