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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
  • 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...
  • City cracks down on real estate fraud

    Officials this week approved another six-figure grant to help pay for real estate fraud investigations in Glendale, where victims lost more than $1.6 million to related scams last fiscal year alone, officials said. Real estate fraud can often cause...
  • 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...
  • GCC turns to campus infrastructure upgrades

    GCC turns to campus infrastructure upgrades
    After years of grappling with budget cuts, Glendale Community College is poised to invest millions of dollars in campus infrastructure improvements. The focus of about $2.3 million in spending planned for later this year will be to make the campus...
  • 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%...
  • 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...
  • 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...
  • Burbank, Glendale schools hold breath over budget

    Despite plans by Gov. Jerry Brown to spend roughly $1.6 billion more on education, local school officials this week remained only cautiously optimistic about their financial prospects. The additional funding included in Brown's budget revision...
  • Electricity rate hikes back on the radar in Glendale

    Electricity rate hikes back on the radar in Glendale
    Glendale will host a series of community meetings to discuss a schedule of electricity rate increases that city officials say are needed to pay for badly needed infrastructure upgrades and to improve the utility’s financial footing. The meetings...