Irvine, CA

TIA Data

2020 Financial State of Irvine (Released 1/25/2022)

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Irvine's Taxpayer Surplus™ is $4,700, and it received a "B" from TIA.
Irvine is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Irvine has $638.9 million of assets available to pay the state's bills totaling $203.4 million.
Irvine has $435.4 million available after bills have been paid, which breaks down to $4,700 per taxpayer.
Irvine's reported net position is inflated by $51.7 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 139 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of Irvine

2018 Financial State of Irvine

2017 Financial State of Irvine, CA

2016 Financial State of Irvine

Other Resources

Irvine Comprehensive Annual Financial Reports

Publishing Entity: Administrative Services Department

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