| General Fund Balance as a Percentage of General Fund Expenditures | 23.19% |
| Long Term Obligations as a Percentage of Total Revenues | 132.37% |
| Actuarially Required Pension Contributions as a Percentage of Total Revenues | 4.67% |
| Change in Unemployment Rate | -1.60% |
| Change in Home Prices | 11.86% |
| Fiscal Health Score | 73 |
| Implied Bond Rating | AAA |
CITY FISCAL STRENGTH INDEX 2017
Modesto, California
Flickr / tomhilton
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Marc Joffe, a senior policy analyst at the Reason Foundation, has written for the Mercatus Center at George Mason University and the Haas Institute at UC Berkeley. Previously, he was the director of policy research for the California Policy Center and a senior director at Moody’s Analytics.