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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
  • State agrees to pay out $3 million more for Glendale redevelopment obligations

    State agrees to pay out $3 million more for Glendale redevelopment obligations
    They may have lost the war, but Glendale officials have won a battle over millions of redevelopment funds. Last week, state finance officials agreed to give Glendale nearly $3 million it had denied in mid-December. Although Sacramento lawmakers ended...
  • 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...
  • 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...
  • Ron Kaye: Glendale seeks straight story

    Twenty months after Gov. Jerry Brown and the state Legislature abolished community redevelopment agencies statewide, local officials have gone through all the stages of grief — from horror to anger to confusion. Now they have reached the point...
  • 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...
  • Committee outlines Measure S bond spending

    The committee overseeing Glendale Unified’s $270-million Measure S bond presented its first report this week and it concludes that the district’s bond spending is in compliance with state regulations. The report, presented during a school...
  • 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 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...