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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 49-60
  • Glendale Council approves rate increases

    Glendale Council approves rate increases
    In a 3-2 vote, the City Council on Tuesday night approved five years of electricity rate increases through 2018. When compounded, the increases equate to a 29% hike for Glendale's residents. The rate increases came after several public meetings about...
  • Glendale could purchase property near Crescenta Valley Park

    Glendale could purchase property near Crescenta Valley Park
    A plot of ground that in 2006 was the proposed site of an Armenian high school and condominium project has caught the interest of the City Council. In a closed-door meeting this week, council members discussed purchasing the land, which is near...
  • Glendale ranks low in grand jury report

    Glendale ranks near the bottom in several categories of fiscal health compared to its fellow Los Angeles County cities, according to a recent grand jury report, an analysis city officials protested as flawed. The categories, discussed in a 120-page...
  • Manoukian details portfolio changes for Glendale

    Glendale’s portfolio continues to slide, but City Treasurer Rafi Manoukian forecast an uptick in interest rates around the corner, which bodes well for Glendale’s investment opportunities. The city’s investment portfolio sank to $372...
  • Glendale council OKs bonds for power utility upgrades

    Glendale council OKs bonds for power utility upgrades
    The City Council this week approved issuing $60 million in bonds for electricity-related capital improvements, a move that will cost city coffers about $3 million a year in principle and interest payments. The bonds, which were already incorporated into...
  • Glendale city officials rip grand jury report

    City leaders on Tuesday slammed a recent Los Angeles County Civil Grand Jury report that concluded Glendale fell short on several markers of fiscal health, with one local official calling the findings “garbage” while another heaped ire on...
  • Ron Kaye: Is the civil grand jury relevant?

    Ron Kaye: Is the civil grand jury relevant?
    The Los Angeles County civil grand jury got a well-deserved thrashing last week from local officials for its dumbfounding end-of-the-year report on the financial health of the county's 88 cities — a report that made Glendale, Burbank and Pasadena...
  • Portantino's race for 25th district starts

    Portantino's race for 25th district starts
    Former Assemblyman Anthony Portantino has only been home from Sacramento for six months, but the La CaƱada Flintridge resident is already gearing up for his next shot at office — the State Senate seat in the 25th district. That seat, currently...
  • Glendale adopts new $170.7-million General Fund budget

    After spending nearly two months to review the city’s finances, the City Council unanimously approved a $170.7-million General Fund budget for next fiscal year, which begins July 1, on Tuesday night. But even as the city prepares to move forward...
  • Fundraising for Glendale's 100th Rose Parade float off to slow start

    Fundraising for Glendale's 100th Rose Parade float off to slow start
    Just $10,000 has been generated for Glendale’s 100th float in the Tournament of Roses Parade — and all of it from just one donor. The amount of money raised is a far cry from the $150,000 the city would like to cover with donations from...
  • 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...
  • Glendale to avoid layoffs in closing $1.2 million budget gap

    Glendale officials plan to close a $1.2 million budget gap for next fiscal year without reducing staff or using money put aside for police vacancies. Compared to budget gaps of $15.4 million and $18 million, respectively, over the past two years, the...