Most Orange County city finances bleed red ink

Kudos to the Orange County cities of Cypress, Tustin, Irvine and Laguna Beach for enjoying the most sound balance sheets among Orange County’s 34 cities.
But cautions go out to Costa Mesa, Brea, Newport Beach and Anaheim for scoring the worst, and possibly entering a fiscal danger zone.
My rankings are based on what’s called a Comprehensive Annual Financial Report. There is no central repository for these. But you should be able to read these CAFRs, as they’re called, on the fi