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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
  • Fitch downgrades Airport Authority bonds

    Fitch downgrades Airport Authority bonds
    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...
  • Objection is over violation of charter

    The Aug. 16 News-Press story titled “Council calls for charter update” states that if the public voted to modernize the electric fee transfer's accounting rules that I would support the change. I write to forestall any inference that my...
  • Ron Kaye: The trouble with Harry

    Let's have a big round of applause for retired law professor Harry Zavos. Citing the state Constitution and a lawsuit won by the Howard Jarvis Taxpayers Assn. against the Los Angeles Department of Water and Power, he got Glendale officials three years...
  • Look at what the Charter really says

    I appreciate Ron Kaye’s kind words regarding my criticism that the city’s $21 million transfer of electrical receipts to support general services violates Glendale’s Charter (“The city’s trouble with Harry,” Aug. 26). I...
  • Assemblymen follow divergent paths

    Assemblymen follow divergent paths
    In politics, the trajectory of an elected official can depend on not only how they interact with their constituents, but how they get along with their peers. And perhaps nowhere is that more apparent than the paths taken by two local assemblymen —...
  • ADI tab is $37M and rising

    After more than a year of forensic accounting,selling property and fielding legal claims, the man in charge of liquidating the assets of an affordable housing developer that allegedly defrauded Glendale, Los Angeles and other cities has amassed roughly...
  • Glendale, Pasadena lose to state again

    Glendale, Pasadena lose to state again
    A decision Wednesday from a Sacramento County Superior Court that will prevent cities from obtaining money with which to pay down redevelopment debt has left local officials disappointed and frustrated. Glendale had joined with Pasadena, Huntington Beach...
  • Ron Kaye: Will this election bring change, or status quo?

    Before you mark your ballot in Tuesday's election, think about what the governor and Legislature have wrought by killing redevelopment agencies without a clear plan on how the $5 billion a year in taxes flowing to them will be split, or how and when the...
  • Assembly remains opaque, even after losing legal battle

    Calls for increased transparency of state Assembly budgets and spending have failed to gain traction at the state capitol this year, even after lawmakers lost a lawsuit requiring that the information be made public. In December 2011 the Los Angeles Times...
  • Despite end of budget process, Glendale faces some big unknowns

    Despite end of budget process, Glendale faces some big unknowns
    A number of budget unknowns this year means that even with the new fiscal year just around the corner, Glendale officials will be left in a state of flux. At a City Council hearing Tuesday on Glendale's draft $165-million budget, officials said they were...
  • City issues preliminary layoff notices to 37

    City issues preliminary layoff notices to 37
    The city began issuing 37 preliminary layoff notices this week in an effort to close a $15.4-million budget gap for next fiscal year, which may offer yet another rough economic ride. The actual number of layoffs is expected to drop as the city tries...
  • Ochoa: Moving electricity money to General Fund 'makes sense'

    Ochoa: Moving electricity money to General Fund 'makes sense'
    City Manager Scott Ochoa went before the Glendale Power & Water Commission on Thursday to defend annual multimillion-dollar transfers from the utility's electric fund to the city's General Fund, which some residents have complained leads to artificially...