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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 61-72
  • Federal grant for school resource officers comes with a catch

    Burbank received a federal grant to partially fund three school resource officers for the next three years — bumping up a program that has been reduced significantly in recent years — but it comes with a steep local match of nearly $1.2...
  • Burbank school district officials cite local impact of Measure S

    Since Burbank voters approved the $110-million Measure S bond in March, Burbank school district officials say there has been significant impact to the local economy. During a Burbank Unified school board meeting on Thursday, officials estimated that 83%...
  • DeBell Golf Club to receive helping hand

    DeBell Golf Club to receive helping hand
    Elected officials said Thursday they aren't ready to forgive any loans given to DeBell Golf Club, though they did agree to fund $75,000 in capital needs at the facility, which is expected to boost the club's revenue stream. Club operators have...
  • Report details Burbank's financial shape

    At the close of last fiscal year, the city still felt the sting of the loss of local redevelopment as the lack of that extra revenue contributed to a 7%, or $9.2-million, drop in tax revenue across the city’s 22 governmental funds, including the...
  • Burbank school board ponders future of data center

    Burbank Unified school officials may spend double the amount they originally planned on the district’s data center upgrade as they near design improvements to the data center this summer. The school board previously approved spending $750,000 on...
  • Burbank public service groups get bump in funding

    Burbank public service groups get bump in funding
    Burbank got an unexpected bump this year in federal grant funding to benefit local public service agencies, long reduced due to the sluggish economy, though the amount is still well below what the organizations had requested. The Burbank City Council...
  • City approves loan package to cash-strapped DeBell Golf Course

    City approves loan package to cash-strapped DeBell Golf Course
    The City Council on Tuesday approved a $1 million loan to the city-owned DeBell Golf Course and agreed to defer loan payments on $2.1 million in outstanding debt for two years as the troubled course tries to recover from a drop in revenue. The council...
  • Turn DeBell over to the pros

    In this economic environment, if a business with a $718,215 operating deficit and no reserves asked a bank for a $2-million bailout package, the response would be a predictable one: “no.” But in the world of Burbank municipal business, the...
  • City Council defends bailout of fledgling golf course

    City Council defends bailout of fledgling golf course
    City Council members defended their decision to allocate $2 million to save the DeBell Golf Club from financial ruin, while at the same time cutting firefighting resources, city youth jobs and library improvements. The rescue package includes a $1-...
  • Movie company accused of fraud

    Employees of a Burbank movie company face charges of conspiracy and fraud after allegedly bilking investors of $9 million to make independent films. An indictment from a federal grand jury this week focused on Q Media Assets LLC, located at 2301 W. Olive...
  • City to hold DeBell study session

    City to hold DeBell study session
    In an effort to make oversight of the troubled DeBell Golf Club as transparent as possible, the City Council will schedule a special study session to discuss recently enacted reform measures. Councilman Dave Golonski on Tuesday lobbied for the meeting,...
  • City Council hopes it can retain $15 million for community projects

    City Council hopes it can retain $15 million for community projects
    About $15 million in redevelopment funds intended for capital improvement projects could still remain available for several community development projects, including the Lundigan Community Center and improvements to Johnny Carson Park, despite efforts...