City of Garden Grove

Overview

• From FY2017-18 through FY2020-21, City revenues grew at a high annual average rate (>6%), above historic long-term inflation (3%). 
• During that period, expenditures grew at a moderate annual average rate (3-6%), but below revenue growth and below historic long-term inflation (3%).
• The California Auditor ranked the City’s financial risk as 154 out of 423 (1 is riskiest) in FY2019-20.
• The City’s FY2022-23 budget shows a balanced budget and revenues exceeding pre-pandemic levels; property tax and sales taxes are relatively stable, but hotel taxes have declined.