| May 18, 2012
| 3:21 PM
At a time when Burbank is raising fees and using one-time funds to plug a $1.1-million budget gap, is keeping the dream of a new Central Library really worth keeping alive — at least to the tune of $3.5 million?
Apparently the City Council...
| 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...
| May 29, 2012
| 4:10 PM
Burbank officials say there are no plans to redo city financial audits performed by the same accounting firm that state regulators claim failed to catch mismanagement at the city of Bell.
The state Board of Accountancy filed disciplinary proceedings last...
| 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...
| 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 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,...
| 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...
| Mar 29, 2012
| 7:47 PM
Legendary Entertainment, the finance and production company behind "The Dark Knight" and this weekend's"Wrath of the Titans,"is close to raising about $250 million in new financing, according to knowledgeable people unauthorized to speak publicly.
| Mar 30, 2012
| 1:25 PM
Transportation commissioners this week discussed the possibility of cutting bus service for seniors and the disabled on weekends, or perhaps confining the schedule to either Saturday or Sunday.
The options emerged Monday as commissioners continued...
| 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...
| 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...