Disclaimer: The comments in this blog are my personal opinion and may or may not reflect an adopted position of the city of Glendale and its city council.
It’s easy for many in the media to find something unpleasant about Glendale to write about but a good news story is often not reported or under reported. Two rating agencies, Standard & Poor’s Rating Agency and Fitch Ratings Agency, independently and objectively, increased their ratings for the City of Glendale in February. Standard & Poor’s increased its rating for the city’s General Obligation debt to AA with a stable outlook. Fitch granted the city its highest rating of AAA with a stable outlook.
What does all of this really mean to you and me? Let’s use a simple example. You want to do some remodeling on your home. Your budget is $10,000 and you assume that you are going to have to pay 10% in interest on the loan. One bank is willing to lend you $10,000 at a 10% interest rate meaning you would pay $1,000 APR. Another bank is willing to lend you $10,000 at a 5% interest rate meaning you would pay $500 APR. Obviously you will use the bank that is charging you 5%. It poses an interesting dilemma. You had planned to pay an interest rate of 10% and now that has dropped to 5%. You could, if you chose, increase the amount of the loan to $20,000 while still paying what you had planned to pay in interest on the $10,000 loan or you can plan to pay less for your loan over time freeing up $500 that you expected as part of the interest payment on other things or just bank the extra interest you would have been paying.
It’s the same with the city. Higher (better) credit ratings means the city pays less to borrow exactly the same amount of money or the city can afford to issue additional debt and still be paying what it had anticipated if the debt had been issued at a higher rate of interest. If the city chooses, it can do more with a reduced interest rate.
Who is responsible for this good news? Kudos to City Manager Kevin Phelps and his finance team of former Assistant City Manager Tom Duensing (just recently having left Glendale) and our Budget & Finance Director Vicki Rios. Your city council deserves some credit as well for its ability to remain disciplined in working toward the goal of growing the city’s fund balance to $50 million and its repeated approval of senior management’s strategies to maintain strong financial management policies.
Other reasons for Glendale’s ratings increases include council’s direction to encourage commercial development (and jobs) west of 115th Avenue in the city as well as its plan to continue to develop a strong, diversified taxpayer base. Senior staff has contributed to this success by its continued emphasis on sustainable and strong management practices.
Senior management and the City Council are both committed to reducing city debt over the long term. It’s a goal to which we don’t pay a lot of attention but it has resulted in a good news story for the taxpayers of Glendale.

© Joyce Clark, 2019
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again in 2020 for the Yucca district city council seat. Then I enjoyed our holidays. Just like everyone else, I spent the time shopping, mostly on Amazon; baking annual Christmas treats; wrapping presents, decorating the tree and preparing a scrumptious Christmas dinner. All the things with which we become preoccupied during the season occurred. The new year of 2019 has begun replete with traditional resolutions sure to be broken within the month. I wish all of you a Happy New Year.
purpose is to eat mosquito larvae. We introduced about a dozen of them into the pond years ago and seem to host a constant population of about a hundred of them at any given time. Ming was the first fish we put into the pond about 5 years ago. This was after refilling the pond when I had added so many chemicals to rid the pond of algae and killed off the few fish that I had. I let the new pond water settle and age, if you will. Then I placed a 3” to 5” Ming into the pond as a sacrificial test to see if the pond water was healthy enough. Ming survived and thrived and is the oldest of all of the Koi. I estimate that Ming is probably about 3 feet long and weighs in at 10 to 15 pounds.
copper coloring…after all, Arizona is known for its copper mining. Mud Puddle is one of the last fish we acquired and is a hog. He eats all the time. He can be seen grazing on the algae on the rocks all day long. His prolific eating has caused him to grow and outpace many of his brothers and sisters purchased at the same time. Mud Puddle is slightly smaller than Ming. Probably about 2 feet long and coming in around 10 pounds.
nosiest of the Koi. When I go to the edge of the pond to trim vegetation he will cruise on over to see who’s there and what is happening. Convict is about 2 ½ feet long and between 10 and 15 pounds.
affect Koi fish.
In this case, the citizen (a Vietnam vet) who has an injunction to prevent further harassment by his neighbor is being cited for an inoperable vehicle that has been repurposed as “yard art” and for having a flag pole greater than 6 feet tall.
home was purchased in 1998. I assume that it is grandfathered in but I certainly had no idea about code restrictions on resident flag poles. Here is ours. By the way, the resident has taken down the flag pole.
only rule upon which code could hang its hat was that the vehicle is ‘inoperable’. By the way, I have antique tractor equipment as “yard
art”. It’s definitely inoperable and again, probably grandfathered in since it has been there since the house was built. Here is our ‘yard art’.