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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 73-84
  • Council ponders ending bonuses to fund after-school programs

    The City Council this week decided to spend $300,000 from a fund reserved for stabilizing the city budget on after-middle youth programs, but left open the possibility of diverting money used for employee bonuses. Councilman David Gordon on Tuesday...
  • City scrambles to curb agency losses

    Burbank could be stuck with a $50-million tab if Gov. Jerry Brown’s proposal to disband local redevelopment agencies goes through. With local governments holding their breath over the budget proposal, Burbank last week joined other cities in...
  • City awaits word on Lehman's suit

    City awaits word on Lehman's suit
    More than two years after the collapse of Lehman Bros., Burbank is still pining for the $10 million it lost in the deal. Following Lehman’s declaration of bankruptcy in September 2008, Burbank filed a lawsuit alleging top executives of the...
  • Parking tickets getting costlier

    Parking tickets getting costlier
    Most parking tickets will cost drivers an extra $3 under a revenue-bumping plan approved by the City Council this week. The increase will apply to all parking violations, save those involving street sweeping, and will be fully implemented in the coming...
  • Got Wheels finds another gear

    Got Wheels finds another gear
    Students in Burbank may have a reliable set of wheels a little longer than expected after the Burbank City Council issued a stay of execution on the Got Wheels program on Tuesday night. The council voted unanimously to direct city officials to return...
  • Retrofit money in jeopardy

    A shakeup by lawmakers in Washington, D.C., could have repercussions in Burbank if a big earthquake hits. Burbank City Council, which issued its stamp of approval for federal appropriation requests last week, is angling for another $500,000 to complete a...
  • Pensions pinch city purse

    The rising costs of employee retirement benefits will force Burbank to spend $10.7-million more next fiscal year, bringing the total to $33.5 million, according to city records. The higher contribution to the California Public Employees’ Retirement...
  • Start the Presses: A modest proposition

    Start the Presses: A modest proposition
    Like a great many people, I am profoundly glad that this latest election season has passed. During each cycle, we at the paper try to inform people about issues coming before them and do our best to convince readers of the importance of taking part....
  • 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...
  • Council approves homeless aid funds

    Council approves homeless aid funds
    The homeless winter shelter in Glendale has avoided a budget shortfall after the Burbank City Council approved $16,410 for a local outreach coordinator. EIMAGO, a subsidiary of the Union Rescue Mission in Los Angeles, also asked Burbank to help cover...
  • Governor wants to scrap redevelopment agencies

    A major source of funds for city services would be diverted to state coffers under a proposal Gov. Jerry Brown unveiled this week as part of his effort to slash a $28-billion state deficit. Brown's budget calls for the Burbank Redevelopment Agency and...