| Oct 20, 2012
| 8:00 AM
Despite a precipitous drop in parking revenues and the loss of American Airlines, Bob Hope Airport managed to squeak ahead of budget projections for fiscal year 2012, according to a report released this week.
According to the year-end fiscal numbers...
| Oct 25, 2012
| 10:28 AM
While the recession dealt Burbank some economic blows, the 101-year-old city's financial health is stable — sales tax revenues are rising and new infrastructure projects are on the horizon, Burbank Mayor Dave Golonski said Wednesday during the...
| Jun 3, 2012
Burbank has agreed to join a state financing authority so that a private French-language prep school can obtain a $12-million tax-exempt loan to revamp a site it plans to use as a school. The move is a rare show of government-backed economic development...
| Jun 21, 2012
| 11:53 AM
The City Council this week approved Burbank’s $636-million budget after closing a $1.3-million gap — a relatively small wound compared to other cities that have been hit especially hard by the loss of local redevelopment.
| Jun 22, 2012
| 5:30 PM
When the City Council convenes on June 28 to fill the vacated positions of city clerk and city treasurer, they’ll have 17 applicants representing a wide swath of the local political sphere to choose from.
The two spots are typically elected...
| Jun 24, 2012
Burbank Bob Hope Airport commissioners approved a budget this week which included a 21% hike in airline landing fees and a decrease in projected parking revenues as the airfield grapples with dropping passenger counts and a lackluster financial picture....
| Jan 10, 2012
| 4:11 PM
The decision by American Airlines to pull out of Bob Hope Airport might further harm an airfield that has been grappling with a yearlong slide in passenger numbers, which gained the notice of an important credit rating agency.
American, which made up 7....
| Jul 1, 2012
Merci beaucoup, Burbank!
Call me naïve (I only studied French for a year), but I have a hard time understanding why the Burbank City Council last month approved a private school — Lycee International de Los Angeles — using the city's...
| Jan 26, 2012
| 9:47 AM
An independent audit of the city’s 2010-11 finances gave Burbank the highest possible rating.
Financial Services Director Cindy Giraldo said the audit by the accounting firm McGladrey and Pullen was completed in December.
The review also...
| Feb 19, 2012
Credit rating agency Fitch said Thursday that it might downgrade the Burbank-Glendale-Pasadena Airport Authority after it gets a clearer picture of the airfield’s financial standing later this year.
Fitch has already put the airport authority on...
| Jul 10, 2012
| 6:00 PM
Thanks again to the Burbank Leader for your recent coverage of the Verdugo Pool construction status. Without your continuing stories, how would anyone in Burbank know what is happening with the pools, swimming and aquatics? Perhaps Burbank's new public...
| Jul 17, 2012
| 5:56 PM
A year after the struggling DeBell Golf Club tapped into a $1-million loan designed to pull it out of the red, the course appears to be on the path to financial recovery.
The loan was part of a $2-million bailout package approved by the City Council...