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Finance

A collection of news and information related to Finance published by this site and its partners.

Top Finance Articles

Displaying items 109-120
  • Crescenta Valley Water District official: 'Unfortunately, we might have to raise rates more'

    While the Crescenta Valley Water District was able to bring in more money than it spent last fiscal year, residents shouldn’t expect a series of rate increases to slow down. That’s partially because the district has moved from using bonds...
  • More deficits for Glendale, but smaller

    Over the next five years, Glendale may still face multi-million dollar budget gaps, even if revenues from property and sales taxes continue to climb at a steady rate, city officials said at a budget meeting Tuesday. But unlike in recent years, the...
  • Glendale receives AAA rating

    Wall Street's biggest credit rating agency, Standard & Poor's, has affirmed Glendale's AAA rating, citing the city's strong financial performance and management practices. The stable outlook puts Glendale's credit worthiness higher than that of the...
  • Glendale officials to see black ink

    Glendale officials say they expect the city to end the fiscal year next month $3.9 million in the black — money that could be used to shore up worker compensation and other funds that are in severe need of replenishment. In addition to the surplus...
  • Glendale councilman contends newly elected treasurer is violating city work rules

    Glendale councilman contends newly elected treasurer is violating city work rules
    City officials are reviewing whether a rule that blocks full-time employees from holding other jobs applies to newly elected City Treasurer Rafi Manoukian.  Manoukian, who left his council seat early after winning the treasurer post, holds a second...
  • Glendale is no different from Los Angeles

    In 2001, Former Mayor Frank Quintero approved changing the benefit factor that would allow safety personnel to retire after 30 years of service at age 50 with 90% of their last year of spiked income, rather than maintaining their existing generous 75%...
  • Pension cost rise threatens Glendale's budget

    Glendale officials warned this week that planned changes to how the state's pension agency calculates contribution rates will have a significant impact on a city still recovering from a prolonged recession. The California Public Employees' Retirement...
  • Glendale City Council: Old rule brings new consequences for mid-term open seat

    When city officials changed the rules on how to fill an empty City Council seat mid-term, they didn't expect to be stuck deciding between a batch of bad choices roughly eight years later. The 2005 change was supposed to prompt an early election and...
  • Budget depends on state payback

    Glendale is counting on state officials to give it about $1.4 million for a redevelopment-related loan over the course of next year as it prepares the city's next budget. But there's still uncertainty over how much the California Department of Finance...
  • Glendale looks to resurrect redevelopment

    While Glendale officials want to create a new economic development department to replace the defunct redevelopment agency, there's no money to operate it. But that appears to be a temporary hurdle. The City Council took the first step this week to...
  • Schiff proposes constitutional amendment to overturn Citizens United decision

    Rep. Adam Schiff (D-Burbank) has introduced a constitutional amendment to overturn Citizens United, the landmark Supreme Court decision that lifted the ban on direct corporate and union political spending, giving rise to the so-called “super PACs.&...
  • Alex Theatre to get the bucks

    Alex Theatre to get the bucks
    Glendale plans to spend $750,000 of its own money to cover a budget shortfall for a $4.4 million plan to expand the Alex Theatre, even as the future of the historic venue remains uncertain. The theater, which has long been dependent on Glendale's...