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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
  • Op-Ed: Managing a bond's risk

    Recent articles in the L.A. Times have exposed alarming financial abuses resulting from the passage of Capital Appreciation Bonds (CABs) by some school districts. Please note, Burbank Unified's name is not on the L.A. Times list. CABs with payback ratios...
  • Burbank Unified awaits final impact of state budget outlook

    Burbank Unified awaits final impact of state budget outlook
    Local school officials are still uncertain about how the state budget — and rosier financial forecasts — will impact Burbank Unified next year. A new funding formula proposed by Gov. Jerry Brown could bring a 5% — or $2.7 billion...
  • Parsing the pros and cons of Measure S

    Expert opinion may be split on the risks associated with the proposed $110-million school bond on the March 5 ballot, but Burbank Unified officials say lessons learned from the last bond in 1997 will ensure taxpayers get more bang for their buck. Causing...
  • 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...
  • 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....
  • 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...
  • 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...