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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 73-84
  • On Education: GCC needs a leader who will stick around

    What would you like to see in the new Glendale Community College president? The time for public input regarding the most important job in local public education is now. The position is being advertised nationally, with the search committee to begin...
  • Verdugo Views: Spend some time with war-bond history

    Verdugo Views: Spend some time with war-bond history
    When the United States entered World War II, the nation needed financing in order to build up its defense system. So the government issued a new series of war bonds. The first one, Series A, had been issued in 1935, as a way of promoting safe...
  • 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...
  • 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...
  • 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...
  • 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...
  • Historically low interest rates hold Glendale investment portfolio down

    City Treasurer Ron Borucki acknowledged there were “no surprises” when he issued yet another dismal report for the city’s investment portfolio this week at City Hall. “Balances are down, rate of return slipped a basis point and...
  • Councilman Rafi Manoukian hopes to help quash Measure A

    Rather than raising money for his own campaign for city treasurer, Councilman Rafi Manoukian plans to set up a fundraising committee to battle a ballot measure that could prevent him from taking the job. While Manoukian is running unopposed for...
  • Professional treasurer needed

    Should voters continue to elect the city treasurer? Or should we let Glendale's city manager appoint the treasurer, who would then serve at will? The question will be on the ballot as “Measure A” in the upcoming election April 2. A “yes&...