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Glendale, Pasadena stand up to California
Nine cities, including Glendale and Pasadena, filed a lawsuit this week in an effort to force the state to make good on millions of dollars for local officials to pay down debt and other obligations left over by the dissolution of local redevelopment...
Tags: Layoffs and Downsizing, Wage Contract Issues, Unemployment, Job Layoffs, Career and Workplace
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John Drayman: Grand jury testimony paints picture of lax financial oversight
Grand jury testimony in the embezzlement case against John Drayman — unsealed Friday — painted a picture of lax oversight of the former city councilman’s collection and accounting of proceeds from the Montrose Harvest Market, an...
Tags: Embezzlement, Theft, Prosecution, Trials, Corporate Crime
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Glendale's $385M-investment portfolio feels tinge of foreign debt crisis
The city’s investment portfolio continues to get pinched amid slow economic recovery, officials reported this week, ending $11 million down compared to the previous fiscal quarter. With the third quarter results out, the $385-million portfolio...Tags: France, Greece, François Hollande, Germany, Money and Monetary Policy
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Former Glendale Councilman John Drayman indicted on charges of embezzlement
Former Councilman John Drayman was indicted Tuesday on charges that he embezzled at least $304,000 from the weekly farmers market in Montrose. In a 28-count grand jury indictment unsealed in Los Angeles County Superior Court, prosecutors also allege that...
Tags: Local Elections, Embezzlement, Organized Crime, Police Investigations, Crime, Law and Justice
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Judge grants John Drayman's release
A Los Angeles County Superior Court judge on Wednesday granted the release of former City Councilman John Drayman from jail after his supporters agreed to pay a $16,000 bond. All that remained Wednesday afternoon was for a bondsman to provide the $200,...
Tags: Justice System, Embezzlement, Crime, Law and Justice, Trials, Corporate Crime
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Replace civil servants with contractors
The article by Brittany Levine (“No easy answers to budget gap,” May 1) pointed out that the new city manager, Scott Ochoa, has pronounced that a “new normal” is necessary to mitigate the current financial shortfall that our city...Tags: Civil and Public Service, Government, Politics, Economy, Business and Finance
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Fitch downgrades Airport Authority bonds
Credit agency Fitch this week downgraded its rating on Burbank-Glendale-Pasadena Airport Authority bonds, but noted the airport is in healthy financial shape overall. The agency dropped its rating to A+ from AA- on $53.5 million worth of outstanding 2005...
Tags: Loans, Air Transportation Industry, American Airlines, Inc., Bob Hope, Debt Market
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Who should be in control of Glendale?
The Glendale city treasurer is responsible for the receipt and disbursements of all city funds, the management of the city's investment portfolio, and reporting investment activity to the City Council and the people of Glendale. The city treasurer is...Tags: Politics, Health and Safety at Work, Business, Elections, Health
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Annual Cruise Night to be scaled back this year
Cruise Night — the annual event in which hotrods and custom and classic cars take over downtown Glendale — will be scaled back this summer after officials this week decided to more than halve the event's budget. The $103,000 required to...
Tags: General Motors Corp., Government, Public Officials, Automotive Equipment, Politics
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Ron Kaye: Cities can't wait for state
What started out a year ago as a multibillion-dollar money grab triggered by Gov. Jerry Brown's call to abolish redevelopment agencies statewide now shows every sign of morphing into a power grab. City managers of Burbank, Glendale and Pasadena are...Tags: Economic Policy, Government, Jerry Brown, Politics, Regional Authority
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State Sen. Carol Liu warns of education funding cuts, budget quagmire
State Sen. Carol Liu could do little to assuage fears about funding cuts during a recent address to local education officials, describing them as “heartbreaking.”
She also warned of competing November ballot tax initiatives that could end up...Tags: PTA, Budgets and Budgeting, Carol Liu, Voting, Jerry Brown
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Bob Hope Airport faces tough times
Thanks to the loss of an airline, declining parking revenues and fewer passengers using the airfield, Bob Hope Airport is facing one of its roughest budget years ever, officials reported this week.
Airport officials also are staring at a multimillion-...Tags: Air Transportation Industry, Credit Ratings, American Airlines, Inc., Budgets and Budgeting, Bob Hope
May 27, 2012
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May 21, 2012
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May 16, 2012
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May 8, 2012
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May 9, 2012
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May 10, 2012
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Apr 26, 2012
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Apr 13, 2012
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Apr 18, 2012
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Apr 22, 2012
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Mar 7, 2012
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Mar 11, 2012
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