| Nov 8, 2011
| 6:56 PM
An outside consultant has determined that the Burbank Unified School District — despite confusing record keeping that had raised accountability questions — accurately reported how it spent roughly $274 million during the past 15 years.
| Nov 11, 2011
| 4:51 PM
The truth is finally out. There are checking account fees in bank accounts that are exorbitant.
The banks took advantage of the investors’ lackadaisical attitude. This doesn’t only apply to checking accounts, but also to mutual funds, bond...
| Sep 27, 2011
| 5:41 PM
The redesign of Johnny Carson Park is underway, and city officials could tap three grants to help cover the estimated $5-million price tag.
The city has been setting aside money for the project — $2.5 million so far through the Redevelopment...
| 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....
| Jun 8, 2011
| 4:32 PM
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.
| Jun 10, 2011
| 4:50 PM
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...
| Jun 15, 2011
| 9:36 AM
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-...
| Jun 17, 2011
| 4:01 PM
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...
| Jul 22, 2011
| 2:52 PM
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,...
| 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...
| Apr 18, 2014
| 6:32 PM
When former Councilman John Drayman begins his five years of probation, expected to begin next month, the first meetings he has with the Los Angeles County Probation Office will include a thorough review of his assets and liabilities to determine how much...