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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 85-96
  • 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&...
  • 'No' on Measure B retains charter protection

    Our charter authorizes money transfers to the general reserve fund from the GWP surplus fund, using surplus monies leftover after all GWP needs and obligations are met. In conflict with the charter, Glendale annually transfers $21 million even without a...
  • Glendale stands by its transfer of electric utility revenues

    City officials say they are on solid legal ground in continuing to transfer tens of millions of dollars in operating revenue from Glendale Water & Power -- no matter how residents vote in April on proposed amendments to the charter’s language...
  • Glendale OKs ballot measures for fund transfers, city treasurer post

    Glendale OKs ballot measures for fund transfers, city treasurer post
    An initiative that would simplify how Glendale transfers tens of millions of dollars from the city-owned utility to pay for general public services is officially going on the April ballot. City Hall officials say the changes, which the City Council...
  • Bond agency: Glendale Water & Power 'has no liquidity'

    When City Manager Scott Ochoa warned bond-rating agencies were watching Glendale closely earlier this month, he was right. Fitch Ratings on Wednesday gave the city's most recent bond issuance of $35 million for the water side of Glendale Water & Power an...
  • Crescenta Valley Water District official: 'Unfortunately, we might have to raise rates more'

    While the Crescenta Valley Water District was able to bring in more money than it spent last fiscal year, residents shouldn’t expect a series of rate increases to slow down. That’s partially because the district has moved from using bonds...
  • Questions roil Armenian Genocide compensation fund

    More than $1.6 million has been paid out from a compensation fund for descents of Armenian Genocide victims, according to a status report filed in a lengthy lawsuit in U.S. District Court. However, four of the 32 claimants who haven’t been paid...
  • Water rates have increased 51%

    Re: “City to pipe in new bond funds,” Nov. 3, the Glendale City Council recently raised our water rates 13% over the next four years. In addition, this is on top of the already 38% water rate increases residents, businesses and schools have...
  • Glendale to seek another round of money for redevelopment wind down

    As Glendale officials prepare to send in their fourth round of funding requests as part of the wind-down of local redevelopment, this time they’re asking for $700,000 to reimburse the city for some of roughly $66 million in loans the city has made...
  • Glendale on the hook for New Horizons grant default

    Federal officials have decided to hold Glendale liable for a $240,000 grant made to the now-bankrupt New Horizons Family Center — ensuring the demise of the once-stalwart nonprofit will be felt among other social service providers for years to come,...
  • Pension reform leads issues at candidate forum

    Pension reform leads issues at candidate forum
    City pensions and looming electricity rate increases were front and center Saturday as 10 of the 13 candidates for City Council faced off at the first election forum of the campaign season. In front of about 80 people at the Oakmont Country Club,...
  • Change to bond process going to voters

    Glendale could join the growing list of government agencies that conduct direct negotiations with bond issuers if voters approve Measure C on the April ballot. Supporters of the change say allowing for negotiated bonds — rather than only permitting...