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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
  • Letter: Glendale is on the hook with CalPERS

    Our City Council likes to brag how we are spending millions of dollars on parkland services. But, nearly 90% of the parkland money comes from grants by the county, state or federal government. Thus, only 10% comes from the city’s General Fund....
  • Report: Income drops at Alex Theatre

    Report: Income drops at Alex Theatre
    While the Alex Theatre’s total income declined 21% during the first quarter of this fiscal year, which ended Sept. 30, the drop was expected due to a massive renovation project underway, according to a financial report released this week at a City...
  • Barnes, Devine lead campaign fundraising

    The two candidates with the most campaign cash so far in the Glendale City Council race have accumulated less than contenders from the previous race despite lending themselves tens of thousands of dollars. Realtor Rick Barnes raised $43,910 between...
  • Letter: Solutions exist to fix city's deficits

    City Manager Scott Ochoa, in his recent rebuttal in the News-Press, stated that I was wrong that 84% of our pension obligations are funded, not unfunded as I stated the week before. His comments are disingenuous. City records indicate that in the years...
  • Majority of council candidates oppose further bicycle infrastructure in Glendale

    The final City Council candidate forum this week further teased out differences and similarities between the five vying for a single open seat on June 3. The candidates disagreed on issues from pension reform to bicycle infrastructure improvements at the...
  • Enrollment still a concern for Glendale Community College

    Enrollment still a concern for Glendale Community College
    Glendale Community College officials predict they will receive $2.3 million more in revenue for 2014-15 than they did the previous year, but a remaining concern centers on student enrollment. The upcoming fiscal year starting this July marks the second...
  • Glendale Unified plans to issue $70M in bonds

    Glendale school officials are preparing to issue their second round of Measure S bond funds, totaling $70 million with a majority of the money going toward replacing bungalows with permanent one- and two-story classroom buildings. Voters approved the...
  • Glendale City Council approves $833M budget

    The City Council this week adopted a roughly $833-million budget for fiscal year 2014-15, which begins July 1, and a variety of fee changes. Two hotly contested fee proposals — bumping the costs of a Mills Act application, which provides a tax...
  • Meeting on proposed water rates for Glendale turns to 'overdevelopment' discussion

    The first community meeting about proposed water rate increases shifted to a public backlash against so-called "overdevelopment" in Glendale's downtown on Wednesday at the Sparr Heights Senior Center. After city officials laid out their plan to hike...
  • Funds seized during criminal investigations to cover police salaries

    Funds seized during criminal investigations to cover police salaries
    The Police Department will use narcotics forfeiture funds to pay salaries for two community policing officers due to a budget shortfall, officials said. A statewide reduction in the Supplemental Law Enforcement Services Funds and Citizens’ Option...
  • Glendale appeals redevelopment payout amid legal challenge

    Glendale appeals redevelopment payout amid legal challenge
    Glendale officials say the state is overcharging the city by $1 million to keep its redevelopment agency, prompting them to file an appeal with the Department of Finance. State lawmakers earlier this year essentially forced local redevelopment...
  • City's portfolio shortchanged by low interest, weak economy

    At the beginning of the fiscal year, City Treasurer Ron Borucki had questioned the market’s ability to recover, but was hopeful that despite two-year lows, interest rates would rise. His hopes didn’t last long. “Would this third year...