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This is our fourth annual Financial State of the Cities (FSOC) report, a comprehensive analysis of the fiscal health of the nation’s 75 most populous cities based on fiscal year 2018 comprehensive annual financial reports (CAFRs)*.
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FAST FACTS for the top and bottom cities:
●Irvine has $626 million available in assets to pay $245.5 million worth of bills.
●The outcome is a $380.4 million surplus, which breaks down to $4,100 per taxpayer.
●For the third year in a row, Irvine has ranked first in our report. The city should be commended for maintaining a strong financial condition.
●New York City has $62.7 billion available to pay $249.4 billion worth of bills.
●The outcome is a $186.7 billion shortfall, which breaks down to a burden of $63,100 per taxpayer.
●This means that each taxpayer would pay $63,100 in future taxes without receiving any related services or benefits.
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1. Irvine Taxpayer Surplus: $4,100
2. Washington, D.C. Taxpayer Surplus: $3,500
3. Charlotte Taxpayer Surplus: $3,400
4. Fresno Taxpayer Surplus: $3,200
5. Plano Taxpayer Surplus: $2,800
6. Stockton Taxpayer Surplus: $2,600
7. Lincoln Taxpayer Surplus: $2,500
8. Aurora Taxpayer Surplus: $2,200
9. Arlington Taxpayer Surplus: $2,100
10. Tampa Taxpayer Surplus: $1,700
11. Raleigh Taxpayer Surplus: $1,400
12. Tulsa Taxpayer Surplus: $100
13. Corpus Christi Taxpayer Burden: $300
14. Oklahoma City Taxpayer Burden: $400
15. Long Beach Taxpayer Burden: $500
16. Greensboro Taxpayer Burden: $700
17. San Antonio Taxpayer Burden: $1,100
18. Wichita Taxpayer Burden: $1,200
19. Louisville Taxpayer Burden: $1,300
20. Bakersfield Taxpayer Burden: $1,600
21. Fort Wayne Taxpayer Burden: $1,700
22. Minneapolis Taxpayer Burden: $1,900
23. Henderson Taxpayer Burden: $1,900
24. Las Vegas Taxpayer Burden: $2,100
25. Virginia Beach Taxpayer Burden: $2,100
26. Colorado Springs Taxpayer Burden: $2,300
27. Chula Vista Taxpayer Burden: $2,300
28. Orlando Taxpayer Burden: $2,300
29. Saint Paul Taxpayer Burden: $2,300
30. Riverside Taxpayer Burden: $3,300
31. Austin Taxpayer Burden: $3,300
32. Indianapolis Taxpayer Burden: $3,500
33. Memphis Taxpayer Burden: $3,700
34. El Paso Taxpayer Burden: $3,900
35. Los Angeles Taxpayer Burden: $4,000
36. Toledo Taxpayer Burden: $4,100
37. San Diego Taxpayer Burden: $4,500
38. Sacramento Taxpayer Burden: $4,600
39. Columbus Taxpayer Burden: $4,800
40. Cleveland Taxpayer Burden: $5,100
41. Detroit Taxpayer Burden: $5,100
42. Mesa Taxpayer Burden: $5,300
43. Santa Ana Taxpayer Burden: $5,400
44. Seattle Taxpayer Burden: $5,400
45. Phoenix Taxpayer Burden: $5,500
46. Albuquerque Taxpayer Burden: $5,800
47. Anaheim Taxpayer Burden: $6,200
48. Denver Taxpayer Burden: $6,500
49. Omaha Taxpayer Burden: $7,100
50. Anchorage Taxpayer Burden: $7,800
51. Tucson Taxpayer Burden: $8,100
52. Jacksonville Taxpayer Burden: $8,500
53. Lexington Taxpayer Burden: $9,100
54. Dallas Taxpayer Burden: $9,400
55. San Jose Taxpayer Burden: $9,400
56. Kansas City, MO Taxpayer Burden: $9,800
57. Atlanta Taxpayer Burden: $9,900
58. Boston Taxpayer Burden: $10,200
59. Miami Taxpayer Burden: $10,600
60. Houston Taxpayer Burden: $11,600
61. Fort Worth Taxpayer Burden: $12,300
62. Milwaukee Taxpayer Burden: $12,800
63. St. Louis Taxpayer Burden: $14,500
64. Pittsburgh Taxpayer Burden: $15,600
65. Cincinnati Taxpayer Burden: $15,600
66. Baltimore Taxpayer Burden: $16,000
67. San Francisco Taxpayer Burden: $17,000
68. Nashville Taxpayer Burden: $18,400
69. Portland Taxpayer Burden: $18,400
70. Oakland Taxpayer Burden: $18,600
71. New Orleans Taxpayer Burden: $18,800
72. Philadelphia Taxpayer Burden: $25,500
73. Honolulu Taxpayer Burden: $26,400
74. Chicago Taxpayer Burden: $37,100
75. New York City Taxpayer Burden: $63,100
Sources:
https://www.truthinaccounting.org/li...ities-2020.pdf
https://www.truthinaccounting.org/ne...-of-the-cities