Financial Data & Analysis
Population
235,615
Total Revenue
$769.2M
Net Financial Position change over 5 years
54%
Total Assets
$2.9B
A positive net financial position says the city has more financial assets than obligations and is in a better position to weather downturns, invest in infrastructure, or respond to emergencies without borrowing or service cuts. If this number is negative the city has spent more than it has saved and is relying on future revenue to pay past bills
A rising trend means the city is improving its financial buffer. A falling trend suggests the city is becomign less able to handle its obligations without borrowing or cutting services.
This ratio shows whether the city has enough liquid financial resources to cover what it owes. A ratio below 100% means it would not be able to pay off its liabilities using only its financial assets.
A rising trend means the city is improving its financial buffer. A falling trend suggests the city is becomign less able to handle its obligations without borrowing or cutting services.
A ratio above 100% means the city owns more than it owes (solvent). Below 100% means it owes more than it owns (insolvent).
A downward trend means the city is becoming less solvent. An upward trend shows improving financial resilience.
This shows how many years of income it would take to pay off all debts if every dollar went to debt repayment.
If the ratio is rising, debt is growing faster than income, this is unsustainable. If it's falling the city is gaining control of its obliations.
This shows how much of the city's income goes to servicing debt rather than providing services.
An increasing trend limits future choices and can crowd out basic services. A decreasing trend improves flexibility and budget health.
This indicates how well the city is maintaining its infrastructure. A low value means assets are aging and wearing out.
A declining trend means the city is falling behind on maintenance. A stable or rising trend suggests it is keeping up.
This shows how dependent the city is on government grants and other one-time transfers versus local revenue.
If the trend is rising, the city is becoming more dependent on outside help. If it's falling, the city is strengthening its local revenue base.
The debt service portion is dedicated to paying off bonds or other long-term debt. The operations portion of the property tax rate is flexible and can be used as needed.
A rising debt service rate means more money has been borrowed, resulting in less flexibility on the tax rate. If the cost of providing services rises faster than property values, then an increased tax rate could be necessary to provide the same level of service. Similarly, property values rising faster than the cost of services can allow for a rate reduction.