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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 121-132
  • Merchants struggle without redevelopment funds

    Merchants struggle without redevelopment funds
    Four of the five local merchant associations are reeling from a freeze on community redevelopment funds that help them pay for projects and events throughout the year. A legal case involving redevelopment agencies is stuck in the state Supreme Court, and...
  • With redevelopment money frozen, cities forced to tap into general fund

    Burbank and Glendale have committed to spending a combined $1.3 million in general fund money on projects and programs that would normally have been paid for with redevelopment funds — a consequence of the legal standstill over Sacramento’s...
  • Nonprofit files for bankruptcy, delaying $300K repayment to city

    A defunct nonprofit entangled in financial issues that promised to repay hundreds of thousands of dollars it owed the city of Glendale has filed for bankruptcy, a move that may stall those plans. New Horizons Family Center filed for Chapter 7 bankruptcy...
  • Credit unions report surge after Bank Transfer Day

    Credit unions report surge after Bank Transfer Day
    Local credit unions are reporting a flood of new members during October as the Occupy movement and recent Bank Transfer Day drive customers away from corporate institutions. First Entertainment Credit Union, which has two branches in Burbank and seven...
  • City ducks under its budget marks

    Just this summer, Glendale officials were expressing concern as they took a machete to the city’s budget. But on Tuesday, they were patting themselves on the back for following through on austerity measures adopted the prior year. Finance...
  • Water bonds narrowly approved

    Keenly aware that Glendale is being watched closely by credit-rating agencies, the City Council this week narrowly approved issuing $35 million in water bonds to improve the city-owned utility’s liquidity. The flush of cash is set to be used...
  • On Education: Schools have their own fiscal cliff to avoid

    You don't need to travel to Washington, D.C., to find a fiscal cliff to throw yourself off. Just take a turn down to Glendale Unified headquarters, where failure by the White House to reach some sort of deficit reduction deal will translate into a loss of...
  • 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...
  • The martial art of subduing special interests

    Passing a major reform in Sacramento has the same odds as a novice knocking out the champ at a martial-arts competition. This is particularly true when it comes to reforming ballot-box budgeting. I’ve introduced eight measures on this topic over the...
  • State denies Glendale millions to pay for redevelopment obligations

    State denies Glendale millions to pay for redevelopment obligations
    Glendale and state officials have locked horns for months over spending money for redevelopment obligations, but this week, a decision handed down from Sacramento escalated the fight. In a letter this week, the California Department of Finance denied...
  • Glendale gives blessing for $13-million bond deal for senior housing project

    An affordable housing developer is set to receive $13 million in private revenue bonds to rehabilitate a 98-unit building in Glendale for “very low” income seniors. This is the second time this year Southern California Presbyterian Homes...
  • GWP audit reveals issues at storage warehouse

    Glendale Water & Power's storage warehouse hasmore than $1 million in tools that haven't been used in four years, according to a recent audit that also found several issues with security and how products are tracked and stored. When Public Works...