IE Business Daily Business news for the Inland Empire.
Fontana and Moreno Valley have been ranked among the financially strongest cities in the United States by an online publication.
The Inland Empire communities ranked second third respectively among cities with a population of 200,000 or more, according to the Jan. 9 edition of The Fiscal Times.
Both cities were recognized for having little debt and large general fund reserves, according to the publication.
Irvine finished first, having accumulated more than $700 million of cash and investments on its balance sheet, enough to pay for two years of government spending.
New York and Chicago ranked at the bottom of the survey, which examined 116 cities. Rankings were based on several factors, including the ratio of general fund balance versus expenditures, changes in property values and shifts in unemployment rates, according to the publication.
