November 22, 2024 4:39 pm
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Glendale no longer Detroit

A desolate intersection in Detroit./ james trumm

City’s budget on path to financial stability

By Perry Vandell | The Republic

t wasn’t long ago that Glendale stood on the brink of financial ruin. The city ended its 2012 fiscal year with a negative-$26.6 million fund balance, which led to resignations both forced and voluntary within its financial departments soon after. The Wall Street Journal compared the struggling city to then-bankrupt Detroit.

New management and conservative budget decisions have since pulled the city from the financial pit and are working to ensure history doesn’t repeat itself.

The city is in the midst of crafting a budget for fiscal year 2018, which opens July 1.

Continued:

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