If the Glendale City Council doesn't come through with $130,000 for its float entry, the city will cease its status as one of the longest-running entrants, the Los Angeles Times reported.
"It's a great thing, and the community does take pride in it. But at this time, we are talking about cutting programs for children in the parks. I think it's a luxury," Mayor Laura Friedman said at a recent budget meeting.
Although there's already a design in the works for the 2012 float, Glendale has yet to sign off on a $100,000 construction contract.
"The contract has to be signed soon because they have to begin building it now," said Glendale Councilman Dave Weaver, a longtime float advocate and chairman of last year's decorating committee.
"After 98 years, I'd hate to see it go down," Weaver said. "It's an integral part of Glendale."
Notable deaths of 2014 [PHOTOS]