IRVINE, Calif. (Jan. 17, 2017): Marc Joffe, Director for the California Policy Center, which oversees the California Transparency Project, has released a nationwide study that places Irvine No. 1 among major cities in fiscal strength.
The Fiscal Health Index, published in The Fiscal Times, ranks 116 American cities with a population of more than 200,000. Irvine received a perfect 100 score.
Five factors were used to rank cities:
- 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;
- The change in local unemployment rank;
- And, change in property values.
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Since its incorporation in 1971, Irvine has become a nationally recognized city, with a population of 258,386 that spans 66 square miles and is recognized as one of America’s safest and most successful master-planned urban communities. Top-rated educational institutions, an enterprising business atmosphere, sound environmental stewardship, and respect for diversity all contribute to Irvine’s enviable quality of life. This family-friendly city features more than 16,000 acres of parks, sports fields and dedicated open space and is the home of the Orange County Great Park. For more information, please visit cityofirvine.org.