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A recent review of two financial reports by the Glendale City Council shed concern on the city’s ongoing fiscal health amid economic uncertainty, with one official saying there was “no good news.”
Jack Liang, Glendale’s director of finance, provided the council and public with an overview of the city’s financial position on Dec. 9, with key updates including a summary of year-end financial results for fiscal year 2024-25, the city’s financial performance through the first quarter of FY 2025-26, an updated five-year general fund forecast and report on the progress to date on revenue initiatives that are currently under consideration.