In his first State of the City address, Burbank Mayor Jess Talamantes on Wednesday gave an upbeat, optimistic assessment of the city’s economic standing, saying that the city has weathered the economic storm.
Speaking to large crowd at the Marriott Burbank Airport Hotel, Talamantes focused on the positive, highlighting in an onstage panel discussion the ability of the health care industry, the real estate market, educators and businesses to stand their ground, or even expand, despite a recession.
“I’m honored to stand here as your Centennial mayor,” Talamantes said before launching into a presentation that highlights Burbank’s focus on infrastructure, customer service and public health.
The assessment came even as many industries with major footholds in Burbank experienced widespread lay-offs and other challenges in a challenging economy.
A drop in advertising revenues shrank television production budgets, which meant lay-offs at Warner Bros., studio executive and panelist Lisa Rawlins said.