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NEWS
By Fred Ortega | May 13, 2006
GLENDALE ? Local legislators and officials applauded Gov. Arnold Schwarzenegger's May revision to his proposed state budget Friday ? which includes a surprise $4.8 billion in additional revenues ? for its paying down of the state debt and reimbursement of schools. The new budget, which Schwarzenegger unveiled during an afternoon briefing in Sacramento, credits the surge in revenues to an infusion in corporate tax, capital gains and stock options as a result of California's strengthening economy.
NEWS
By Christopher Cadelago | March 5, 2009
Burbank – The Burbank City Council on Tuesday postponed voting on a revised city budget forecast that accounts for a $1.97-million decrease in revenue. Mayor Dave Golonski decided at 9:58 p.m. that the council could not squeeze the issue into the meeting before the required ending time of 11 p.m. Golonski acknowledged that additional city staff was on hand to help the council with the item, but concluded that it deserved more time than one hour. Declining auto prices, retail closures and the overall slowdown in the economy has led to the reduction in revenue.
NEWS
August 11, 2001
Gary Moskowitz BURBANK -- There are 21 top ranking school officials and principals in the Burbank Unified School District who are worth more than $100,000, based on total compensation figures in the district's 2001-02 proposed budget. Total compensation figures for the more than 2,000 full-time district employees include salary, retirement, Social Security, Medicare, state unemployment insurance, workers' compensation insurance, health and welfare benefits.
NEWS
December 11, 2012
In regards to your article in the Saturday edition entitled “Parking rates get a bump”: This is a perfect example of government thinking - our revenue is down so let's raise taxes. The private sector thinks differently - “Our revenue is down so let's have a sale.” Raising the airport parking rates will have an opposite effect of what was intended in that people will search for ways not to park rather than pay the increased fare. For me, it's cheaper to pay for a cab than pay the parking rates already.
NEWS
February 9, 2002
Laura Sturza AIRPORT DISTRICT -- To make up for lost revenue and increased security costs resulting from the Sept. 11 terrorist attacks, the Burbank-Glendale-Pasadena Airport Authority has adopted an amended budget. "The budget adopted at the beginning of the [fiscal] year was based on projections that assumed a stable pattern of revenue," Airport Authority spokesman Victor Gill said. "Those assumptions were shaken to the core by the events of Sept.
NEWS
February 28, 2004
Josh Kleinbaum Worried that the state is trying to dip into one of its last remaining untouched revenue sources, Burbank has joined forces with more than 30 other cities to sue the state of California for backing bonds with funds earmarked for local governments. "The state has periodically taken city money, and we don't feel it's their right to take [it]," City Atty. Dennis Barlow said Thursday. "We don't think it's the city taxpayers' responsibility to balance the state budget with city taxes."
NEWS
November 29, 2008
Revenue increases needed in crisis Assemblyman Cameron Smyth’s contention that his refusal to vote to raise revenue is not ideological defies the facts (“Cuts target education, services,” Political Landscape, Nov. 8). Smyth and his Republican colleagues in Sacramento are part of the 1,232 Republican state legislators all over the country who have signed “The Pledge” never to vote for revenue increases; that is the means by which they can, as Reagan said, “starve the beast” (government)
NEWS
June 11, 2005
Airport just buying time After years of litigation and millions of taxpayer dollars spent to control airport expansion, the city of Burbank won the right to control land-use at the airport. Under the terms of the court victory and settlement of the prior lawsuits, the agreements that the city and airport entered into required the airport to present a plan for the use of the old Lockheed B-6 property by a certain date. The airport failed to present such a plan to the city.
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NEWS
By Kelly Corrigan, kelly.corrigan@latimes.com | January 7, 2014
In Burbank, an anticipated increase in revenues for the school district has educators beginning a new conversation about how to improve the education of local students after years of devastating budget cuts. On Thursday, the Burbank Unified school board will meet for a special study session - which will be open to the public - to review the budget reductions the district has weathered since 2007 and kick-start a discussion about where the district can expand its academic programs. “We want to see where we can go,” said school board president Dave Kemp, who said Thursday's meeting signifies the beginning of a new dialogue on restoring academic programs and perhaps employees, following a decade that has largely seen the school board examining where to make cuts in order to keep the district solvent.
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THE818NOW
By Alene Tchekmedyian, alene.tchekmedyian@latimes.com | December 13, 2013
At the close of last fiscal year, the city still felt the sting of the loss of local redevelopment as the lack of that extra revenue contributed to a 7%, or $9.2-million, drop in tax revenue across the city's 22 governmental funds, including the General Fund, according to a new report. However, the effects of the dissolution of redevelopment are “mostly behind the city now,” said Financial Services Director Cindy Giraldo. “The major impacts of (redevelopment's dissolution)
THE818NOW
May 7, 2013
Walt Disney Co. reported a massive jump in net income for its fiscal second quarter, lifted by the performance of its media networks, movie studio and theme parks. The Burbank company posted net income of $1.51 billion for the quarter that ended March 30, up 32% from a year earlier. Revenue rose 10% to $10.55 billion. Disney, the world's largest entertainment and media company, posted adjusted earnings per share of 79 cents, up from 58 cents a year earlier. The company beat the expectations of analysts who predicted earnings per share of 77 cents.
NEWS
By Alene Tchekmedyian, alene.tchekmedyian@latimes.com | February 19, 2013
Weak tax revenues in Burbank have created a larger-than-expected deficit that is now projected to be $2.1 million this year, according to a recent budget report. Revenue from transient parking, property and retail sales came in at $1.2 million below what had been anticipated, according to the report, creating a larger budget hole that will have to be bridged come the new fiscal year this summer. Even so, the City Council approved $273,000 in midyear appropriation requests, which will require $122,000 from the city's General Fund, which pays for most public services.
THE818NOW
By Alene Tchekmedyian, alene.tchekmedyian@latimes.com | January 29, 2013
Parking ticket revenues for the city took a dive last year - dropping roughly $500,000 to just under $2 million - as police are issuing fewer citations. It's a trend officials attribute to increased vigilance among drivers to dodge parking fines as they struggle in the rough economy. Since 2008, annual parking ticket revenues had hovered around $2.5 million, according to statistics released by the Burbank Police Department. The money goes into the city's General Fund, which pays for most public services.
NEWS
By Daniel Siegal, daniel.siegal@latimes.com | January 15, 2013
The number of passengers traveling through Bob Hope Airport continued to slide even as the holidays approached in October and November, dropping by 5.3% and 3.2%, respectively, compared to the same period in 2011. Still, the latest statistics, released in a report to the Burbank-Glendale-Pasadena Airport Authority on Monday, were better than September's tally when the airfield reported a 10% passenger decline. “Our No. 1 goal is [to] reverse that decline to the extent that we can, but the reversal is going to be long, slow and painful for us,” said Dan Feger, the airport's executive director.
THE818NOW
December 17, 2012
In an attempt to generate extra revenue for Burbank's cash-strapped transit programs, the City Council has signed off on a plan to plaster buses with advertisements. The City Council last week directed officials to draft a two-year contract with mobile advertising services firm Titan Outdoors, just weeks after voting to pursue a ban on mobile advertising vehicles, which in recent months came in the form of brightly colored roving vans that were advertising topless maid and massage services.
NEWS
December 11, 2012
In regards to your article in the Saturday edition entitled “Parking rates get a bump”: This is a perfect example of government thinking - our revenue is down so let's raise taxes. The private sector thinks differently - “Our revenue is down so let's have a sale.” Raising the airport parking rates will have an opposite effect of what was intended in that people will search for ways not to park rather than pay the increased fare. For me, it's cheaper to pay for a cab than pay the parking rates already.
NEWS
December 7, 2012
On Dec. 1 the Burbank Leader published an article, “People casually air their gripes.” The main massage focused on the peoples' concern about steep water bills. The council members' response was true; however other components and results should have been identified. First, they should have explained that Burbank Water & Power is an enterprise-fund department. This means that its operations are solely funded by the revenues received from the sale of water or electricity. The more one conserves, the less revenue for BWP. Several years ago the city of Long Beach asked the residents to conserve water.
NEWS
By Mark Kellam, mark.kellam@latimes.com | September 4, 2012
Passenger numbers and key revenues continue to slide at Bob Hope Airport in July, with income generated by parking fees plummeting more than 10% compared to a year ago, according to the latest figures released on Tuesday. Airport officials reported a nearly 10.7% decline in parking revenues in July to $1.4 million, down from the $1.5 million generated during the same period last year. The decrease follows an almost 7.3% drop in June and an 8.7% slide in May. Much of the decline has been in the short-term parking structure, which alone saw a $40,000 drop in July.
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