News Release

City of Irvine
Public Information Office

1 Civic Center Plaza
Irvine, CA 92606
949-724-6029

01/17/2017

FOR IMMEDIATE RELEASE

Contact:
Craig Reem
Director of Public Affairs and Communications
949-724-6077
creem@cityofirvine.org

City of Irvine is No. 1 Major City in Fiscal Strength

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.
 
Here is the link:
 
To reach Marc Joffe: marc@calpolicycenter.org