State Senator Moorlach gets to say "I told you so!" over California's attempted end-run around recent changes to federal tax law.

Sen. John Moorlach releases 2020 financial soundness rankings for California’s 58 counties

Senator John M. W. Moorlach, R-Costa Mesa, today released his report, “2020 Financial Soundness Rankings for California’s 58 Counties.” It reflects the many changes in government accounting since he first began ranking counties nearly a decade ago as an Orange County supervisor.

The most dramatic shift was for Alpine County. It went from the county with the best finances to the worst, at 58th place. He found that only three of the counties, San Mateo, Alameda and San Benito, scored in the black financially.

Orange County improved greatly the past decade, rising from 46th place to 24th place.

“Tough decisions were made during my second term as a county supervisor, from 2011 to 2015,” Moorlach said. “As a result, it is encouraging to see that Orange County is now in 24th place, a little above the middle of the pack.”

Moorlach’s report reflects the latest data available, from the fiscal year ending June 30, 2019. It does not include the impact of the coronavirus on county budgets, which will be reflected in the Comprehensive Annual Financial Reports (CAFRs) beginning with the fiscal year ending June 30, 2020.

“A bear market will compound the impacts of the economic lockdown as a result of the coronavirus,” said Moorlach. “Such are the joys of being at the mercy of economic cycles that cannot be fully controlled. That’s why prospective adjustments, like implementing a shared-risk pension plan, need to be pursued and soon.”

The full report is available at tinyurl.com/y6xkvuxy

This article was released by the Office of Senator John Moorlach.