U.S. economic and housing impacts
Many ancillary companies from Arri cameras, to Cinelease, Entertainment Partners, JL Fisher, and Matthews Studio Equipment also maintain a presence in Burbank. Xytech Systems Corporation, a business software and services provider to the entertainment industry, is headquartered in Burbank.
Local IATSE union offices for the Stagehands Local 33, Grips Local 80, Make-up and Hairstylist Local 706 and Set Painters Local 729 also make their home in Burbank with Teamsters Local 399, IBEW Local 40 and many other IATSE locals nearby.
Burbank has not been immune to the U.S. economic and housing impacts from the recession. City officials prepared for cutbacks going into 2009. Burbank's City Manager, Mike Flad, estimated the city's 2009–10 fiscal budget will suffer a 5% shortfall. For the city's 2010–11 fiscal year, the city projected a deficit of $5.8 million and projected the deficit will remain a problem at least until 2014–15, when it is projected to be $6.9 million. The current budget problems do not appear to compare to the revenue hit the city took in the early 1990s when Burbank was losing aerospace jobs after Lockheed left.