Increased funds from sales, property and utility taxes are largely to credit for the growth.
At the conclusion of the hearing, the budget will go up for council approval — which can be achieved by a majority vote.
BURBANK HOUSING CORPORATION
The council will listen to a report on a forthcoming financial and operational audit of the Burbank Housing Corp., which purchases and renovates properties for affordable housing.
The council ordered a full-scale audit of Burbank Housing Corp., after information was brought to light regarding a recent purchase that resulted in a significant profit for the seller. In addition, concerns were raised regarding the corporation' management practices.
WHAT TO EXPECT
The council established a subcommittee to set the scope of the audit. The subcommittee's recommendations will be reported to the council on Tuesday for approval.
FYI
WHAT: Burbank City Council meeting
WHEN: 6:30 p.m., Tuesday
WHERE: City Council Chambers, second floor of City Hall, 275 E. Olive Ave.
CONTACT: City Clerk’s office at (818) 238-5851