Working from a Position of Strength

The City of Irvine in 2018, for a second straight year, was ranked No. 1 in fiscal strength. The Truth in Accounting ranking of America’s largest 75 cities calculated how a city would fare financially after all the bills are paid. Irvine was given a surplus score of $5,200 per taxpayer, earning the distinction as the most fiscally healthy large city in the United States. For the report: Truth in Accounting

A year earlier, in 2017, the City of Irvine was ranked No. 1 in a Fiscal Health Index among 116 U.S. cities of more than 200,000 population by The Fiscal Times, a digital news service that specializes on fiscal policy reporting. The City received a perfect 100 score.

The Fiscal Times used five factors:

  • “The ratio of a city’s general fund balance to its expenditures
  • “The ratio of its long-term obligations to total government-wide revenues
  • “The ratio of actuarially determined pension contributions to total government-wide revenues
  • “Change in local unemployment rate
  • “Change in property values.”

For the Fiscal Times report, go to: fiscal times ranking