MEDFORD, Ore. – The Medford School District is rolling out what they are calling a comprehensive proposal, which includes cutting 32 positions, to address a $15 million shortfall. Under the proposed budget, the district is suggesting a $7.5 million budget cut as well as utilizing $1.9 million of MSD’s reserves for the 2024-2025 fiscal year. […]
The move, which has not been finalized, would drop three large health plans run for two decades by nonprofit children’s hospitals.
For months, Burlington officials have forecasted a $9 million deficit heading into the next fiscal year. On Thursday, that number grew to $13.1 million. Mayor Emma Mulvaney-Stanak delivered the bad news at a press conference Thursday at city hall, where she was flanked by department heads. Higher-than-anticipated insurance costs and a calculation error are to blame for the $4 million difference, she said. The spending squeeze is the first major challenge for the newly elected mayor and...
The proposed budget is about $2.1 million — or 7.7 percent — more than last year’s $26.1 million spending plan.
Amid financial concerns due to lower-than-planned revenues and unexpected spending needs, Mayor Karen Bass Monday released a proposed $12.8 billion city budget for the 2024-25 fiscal year — a decrease from this fiscal year's $242 million spending plan.Significantly, the proposal — described by Bass a "reset" — includes $65 million in cuts to her signature Inside Safe program; an increase of more than $138 million for the Los Angeles Police Department; and a decrease of about $23 million for the...
School referendum dollars and resulting state funding hikes come in slowly.
People gather to watch the solar eclipse outside the Brooklyn Public Library main branch on April 8, 2024. The mayor has restored some of his unpopular cuts but is resisting calls to fully fund libraries and seven-day service at over 200 branches. [ more › ]
Syon Capital LLC boosted its position in shares of American Express (NYSE:AXP) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,515 shares of the payment services company’s stock after purchasing an additional 235 shares during the quarter. Syon Capital LLC’s holdings in […]
Kovack Advisors Inc. reduced its holdings in shares of General Electric (NYSE:GE – Free Report) by 7.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,718 shares of the conglomerate’s stock after selling 777 shares during the quarter. Kovack Advisors Inc.’s holdings in General […]
Wright Investors Service Inc. cut its position in shares of CSX Co. (NASDAQ:CSX – Free Report) by 25.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,458 shares of the transportation company’s stock after selling 12,713 shares during the period. Wright Investors Service […]
GAMMA Investing LLC bought a new stake in The Walt Disney Company (NYSE:DIS – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,064 shares of the entertainment giant’s stock, valued at approximately $1,063,000. A number of other institutional investors have […]
Cutter & CO Brokerage Inc. lessened its stake in Essential Utilities, Inc. (NYSE:WTRG – Free Report) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,690 shares of the company’s stock after selling 4,651 shares during the quarter. Cutter […]