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Finance

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Top Finance Articles see all

Displaying items 1-5
  • In Theory: What to do with a windfall of funds?

    Officials at the LaSalle Street Church Chicago announced during a recent Sunday service that the church would be sharing 10% of a $1.6-million windfall, the result of the sale of a property, with all 320 members. Each would be given a $500 check to use as they desired. Senior Pastor Laura Truax said the “tithing” came about after she prayed for guidance and came to realize the church members should benefit from the sale. She told the media she hopes that when others hear the story they’ll be inspired to “do something risky and faithful.”
  • Drayman's payments lowered

    Former Councilman John Drayman's monthly $1,000 restitution payments to the victims he embezzled from were reduced by more than half after financial evaluators showed he wasn't earning much income, though a Los Angeles Superior Court Judge told him this...

    Lockyer delivers unwelcome message

    California State Treasurer Bill Lockyer delivered some disheartening news to a small group of local officials Thursday night: Local redevelopment agencies are all but dead. Officials in Burbank and Glendale have joined with other local governments to...

    Redevelopment important to infrastructure

    With the announcement of his proposed new budget, Gov. Jerry Brown is calling for the closing of the individual redevelopment agencies across the state, and tapping those redevelopment funds to fill a portion of the state budget gap. Well, what exactly...

    Hard choices face city budgeters

    Hard choices face city budgeters
    The upcoming budget cycle will bring hard decisions for the Burbank City Council, pitting funds for firefighters and homeless services against library hours and animal shelters. Last year for the first time, the city tapped its stabilization fund,...