The office of Treasurer and Tax Collector performs an array of critical public services. We borrow and safeguard monies of the county, school and community college districts and many other public agencies.
We also bill and collect property taxes and various other debts and taxes owed to the county. In its role as Public Administrator, the office administers the estates of deceased persons who were residents of Los Angeles County.
Among our recent accomplishments, we are most proud of the following:
• The National Association of Counties honored the Treasurer and Tax Collector with a 2015 Achievement Award for its “Redevelopment Bond Refunding Program.”The program was honored as “Best of Category” in the financial management award category. Created by our public finance division in 2013, the program provides successor agencies to former redevelopment agencies in the county with the ability to refinance outstanding debt at lower interest rates. Since its formation, the program has refunded close to half a billion of bonds issued by the former redevelopment agencies, resulting in savings of more than $100 million.
• The department implemented Internet auction functionality in both our public administrator and tax operations. The Public Administrator auction maximized the proceeds from estate assets, which were later distributed to heirs. The department also conducted two tax-defaulted property online auctions, allowing us to clear inventories and return property in the county to tax-paying status, in an efficient manner.
• We expanded our public service counters to include staff from the County Assessor and Auditor-Controller, “sister” departments in the property tax arena. This “one stop” center now lets taxpayers get answers to property tax questions in one place. This is an important initiative that enhances the delivery of services to the nearly 25,000 taxpayers who visit us each year.
• In a countywide effort to save money and reduce our impact on the environment, departmental staff performed a review of printers, copiers and fax machines, and how we use them. Most of the old stand-alone devices were replaced with a much smaller number of networked multi-function printers.
• The Board of Supervisors recognized us for conducting our 25th Business Continuity Planning Exercise. The Department is focused on ensuring financial stability during an emergency. And these exercises are recognized as a public sector best practice by the county’s financial partners and National Association of Counties.