Story | Jun 3, 2011 | 4:51 PM
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Story | Sep 12, 2013 | 5:09 PMGlendale’s portfolio continues to slide, but City Treasurer Rafi Manoukian forecast an uptick in interest rates around the corner, which bodes well for Glendale’s investment opportunities.
Story | Aug 22, 2011 | 5:03 PM
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...
Story | Feb 15, 2012 | 5:21 PM
Glendale’s investment portfolio ended the second fiscal quarter at $396 million, down $2 million from the end of the previous quarter, according to the latest report. The portfolio’s slip is driven by historically low interest rates, which...
Story | Oct 4, 2011 | 4:35 PM
Trying to strike a balance between the desires of bondholders and water users, Glendale officials on Monday proposed gradually increased rates over the next five years to keep the city-owned utility in the black. “We have to come up with something...