New Glendale leadership: Bankruptcy last, worst option

Two weeks after Tom Duensing took over Glendale’s top finance job, the city wound up in the same sentence with bankrupt Detroit in a Wall Street Journal article about the nation’s most financially troubled municipalities.
Glendale ranked second in the U.S., according to the story, thanks to a $26.6 million negative fund balance at the close of fiscal 2012, due largely to sports-related debt.