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Thursday, May 16, 2013

Success Brings Pa. Tax Collection Firm Another Boost In Md. Commissions — But It Loses New Contract

A Pennsylvania collections firm has so well prying Maryland back taxes out of delinquent taxpayers that the comptroller’s office just got approval for $300,000 more from the Board of Public Works to pay the agency’s commissions.

NCO Financial Systems of Horsham, Pa. collected $33 million from delinquent tax accounts since 2009– 22% more than the original estimate of $27 million. The firm gets a 5.35% commission on any money it collects.

With the approval of the comptroller’s latest request, NCO will have received $1.8 million in commissions since 2009, according to the board’s summary of the request.(page 82).


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