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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 97-108
  • 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...
  • 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...
  • 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...
  • 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,...
  • During Glendale state of the schools address, a dire budget warning for next year

    Glendale Unified Supt. Dick Sheehan forecast a grim year ahead during the eighth annual State of the Schools address Thursday at Edison Elementary. While celebrating the district’s ability to weather past financial calamities, he acknowledged...
  • Glendale Unified faces grim future

    Glendale Unified faces grim future
    [Oct. 10, 2012: This post has been corrected, see below for details.] The message to Glendale Unified parents on Monday night was dire: The school district's budget is so weak that officials will have no choice but to cut personnel and increase class...
  • On Education: The fate of schools is in voters' hands

    This post has been updated, see below for details. The hum of a half-dozen telephone conversations percolated through Glendale Teachers Assn. headquarters in Montrose on a recent afternoon. Union members are gathering on a near daily basis to call voters...
  • Glendale issues layoff notices

    As the city issues another round of layoff notices, more than two dozen employees could be cut in coming months, with Glendale Water & Power seeing the highest impact as officials attempt to pull the utility out of the red. In addition to issuing the...
  • Ron Kaye: Empty desks, a new way of life

    The email from Moody's credit rating service that popped up on my computer screen boggled my mind: Glendale was among 40 California cities that were downgraded or are facing downgrades, but Los Angeles and San Francisco could get upgrades. I'm an old...
  • Montrose Shopping Park board considers closed meetings

    Board directors for the Montrose Shopping Park Assn. on Thursday voiced support for holding closed-door meetings, with proponents saying the open format discourages frank discussion about potentially uncomfortable topics. The group is a quasi-...
  • Ron Kaye: Scott Ochoa sits down for a chat

    For Scott Ochoa, it was a year to remember given the 41-year-old city manager's leap from a small suburban town to Glendale, a city five times larger and far more complex. And he had big shoes to fill as well, with longtime City Manager Jim Starbird...