Commentary
Reviewing annual comprehensive financial reports can be a time-consuming hobby, but it can also reveal interesting trends. One such trend worth highlighting is the impressive rise of Newport Beach in the county rankings.
Year |
Ranking |
Per Capita |
|
| 2017 | 32nd | $(1,269) | |
| 2018 | 30th | $(1,374) |
The city’s improvement from 32nd place to 17th place since 2017 prompted further investigation into Newport Beach’s success.
Additional measures, such as establishing a finance committee, prudent budgeting strategies, and a focus on long-term financial sustainability, have contributed to Newport Beach’s success.
Newport Beach’s approach to financial governance provides a roadmap for other cities to follow, emphasizing the importance of fiscal sustainability and responsible budgeting practices.
The hard work and dedication of each new city council every two years in Newport Beach have paid off, and the results speak for themselves. Congratulations to Newport Beach for their success.
Please note that the views expressed in this article are the opinions of the author and may not necessarily reflect the views of The Epoch Times.
Source link
