Congratulations to the Town of Gilbert and City of Chandler for placing high in the annual US City Fiscal Health Index.
The index, prepared by The Fiscal Times, looks at five factors to derive the rankings including: ratio of city general fund balance to expenditures, ratio of long term obligations to total government-wide revenues, ratio of actuarially determined pension contributions to total government-wide revenues, change in local unemployment rate and changes in property values. Data is reported by the cities themselves from 2015. Only cities with populations of 200,000 were evaluated. (Tempe, Peoria, Surprise, Yuma, Avondale and Flagstaff have populations less than 200,000.)
The Town of Gilbert placed 17th while the City of Chandler placed 20th.
Other Arizona cities placed lower on the list:
Phoenix – 43
Glendale – 77
Tucson – 81
Scottsdale – 84
Mesa – 85
At the bottom of the list were Chicago and New York City.
To view the full index, click here.