A coat with many pockets, Part IV - Joyce Clark Unfiltered
Pocket #4 contains Municipal Property Corporation (MPC) Bond debt of $29,496,137. It totals 33% of Glendale’s debt for this year. According to the latest Glendale Comprehensive Annual Financial Report (CAFR) of 2013, the overall total of MPC debt is $1,020,889,000. So far we’ve examined the contents of three pockets: Pocket #1, Enterprise Fund debt; Pocket
