| Apr 13, 2012
| 5:28 PM
The Glendale city treasurer is responsible for the receipt and disbursements of all city funds, the management of the city's investment portfolio, and reporting investment activity to the City Council and the people of Glendale.
The city treasurer is...
| May 8, 2012
| 7:40 PM
Former Councilman John Drayman was indicted Tuesday on charges that he embezzled at least $304,000 from the weekly farmers market in Montrose.
In a 28-count grand jury indictment unsealed in Los Angeles County Superior Court, prosecutors also allege that...
| May 9, 2012
| 6:00 PM
A Los Angeles County Superior Court judge on Wednesday granted the release of former City Councilman John Drayman from jail after his supporters agreed to pay a $16,000 bond.
All that remained Wednesday afternoon was for a bondsman to provide the $200,...
| May 10, 2012
| 1:34 PM
The article by Brittany Levine (“No easy answers to budget gap,” May 1) pointed out that the new city manager, Scott Ochoa, has pronounced that a “new normal” is necessary to mitigate the current financial shortfall that our city...
| Apr 22, 2012
What started out a year ago as a multibillion-dollar money grab triggered by Gov. Jerry Brown's call to abolish redevelopment agencies statewide now shows every sign of morphing into a power grab.
City managers of Burbank, Glendale and Pasadena are...
| May 16, 2012
| 1:30 PM
The city’s investment portfolio continues to get pinched amid slow economic recovery, officials reported this week, ending $11 million down compared to the previous fiscal quarter.
With the third quarter results out, the $385-million portfolio...
| May 21, 2012
| 6:53 PM
Grand jury testimony in the embezzlement case against John Drayman — unsealed Friday — painted a picture of lax oversight of the former city councilman’s collection and accounting of proceeds from the Montrose Harvest Market, an...
| Apr 26, 2012
| 5:10 PM
Credit agency Fitch this week downgraded its rating on Burbank-Glendale-Pasadena Airport Authority bonds, but noted the airport is in healthy financial shape overall.
The agency dropped its rating to A+ from AA- on $53.5 million worth of outstanding 2005...
| May 27, 2012
Nine cities, including Glendale and Pasadena, filed a lawsuit this week in an effort to force the state to make good on millions of dollars for local officials to pay down debt and other obligations left over by the dissolution of local redevelopment...
| Nov 2, 2012
| 9:48 AM
With Glendale’s bond rating under scrutiny, the City Council this week moved toward issuing $35 million in water bonds to cover the cost of planned infrastructure work.
In October, Moody’s Investors Service put Glendale and dozens of other...
| Nov 3, 2012
| 12:00 PM
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...
| Aug 1, 2012
| 6:34 PM
Glendale officials are planning to use $2.3 million it has on hand to fill in gaps created by the state continually underfunding Glendale's attempts to pay off its lingering redevelopment debt obligations.
Since the state dissolved local redevelopment...