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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
  • City should repay GWP transfers

    In the Oct. 12 article “Glendale mulls April ballot issues,” reporter Brittany Levine wrote, “In addition, the City Council also directed the city treasurer to look into drafting a measure that would ask voters to change the city...
  • Charter change isn't 'streamlining'

    As one critic of city transfers of Glendale Water and Power electric receipts to pay for general services, I wish to respond to the story, “Council mulls April ballot issues,” Oct. 12. It correctly states that opponents have argued the...
  • Glendale pension costs keep rising

    Pension costs and other employee benefits continue to be a huge financial burden for Glendale, despite some gains in raising revenue and controlling costs, according to the most recent data available. As of June 2012, the annual pension cost was about...
  • 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...
  • 'No' on Measure B retains charter protection

    Our charter authorizes money transfers to the general reserve fund from the GWP surplus fund, using surplus monies leftover after all GWP needs and obligations are met. In conflict with the charter, Glendale annually transfers $21 million even without a...
  • 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...
  • 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...