BRADENTON, Fla. - In addition to hiring a new chief financial officer, the Atlanta City Council is spending up to $850,000 to hire a team of consultants to develop and implement a "turnaround plan" in the city's finance department.

The council on Monday confirmed Mayor Shirley Franklin's nomination of Jim Glass to become the city's new CFO for $215,000 a year. He formerly served as CFO and vice president of finance for AT&T Mobility. He has an MBA from Nova University and is also a certified public accountant.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.