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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
  • 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...
  • Glendale to retrieve millions from redevelopment shut-down

    After more than a year of hand-wringing and headaches on the part of the city, the California Department of Finance has given Glendale the go-ahead to use about $17 million in bond money and take back nearly $66 million in loans from its former...
  • Glendale could see $57 million-worth of improvement projects in the pipeline

    Glendale officials have proposed budgeting $57 million next fiscal year for capital improvement projects, including park, street and utility improvements, adding to what City Manager Scott Ochoa this week said was "a lot of good stuff" coming in the...
  • City Council forgoes bidding process for bonds; councilman upset

    The City Council decided this week to eschew a competitive bidding process to refinance nearly $87 million worth of bonds because officials feared the issuance would have no takers if they went the traditional route. But the decision didn’t come...