Orlando’s Financial Health Strengthens, Earning a “B” Grade

Orlando’s financial condition continued to improve in fiscal year 2023, earning the city a “B” grade from Truth in Accounting. With a $37.6 million surplus, Orlando remains classified as a “Sunshine City,” meaning it has more than enough money to cover its financial obligations. This equates to a Taxpayer Surplus™ of $300.

The city’s financial improvement was largely due to a reduction in its net pension liability. However, this liability was calculated using September 2022 data, rather than 2023 figures, which creates potential misalignment with the city’s current financial condition. Many cities have since reported increased pension liabilities due to market fluctuations, which could also impact Orlando’s future financial outlook.
Despite this reporting challenge, Orlando’s economy remained strong, with record-breaking $359.3 million in tourist development tax collections helping to support public services and infrastructure investments.
Key findings from the report include:

• Orlando had $1.107 billion available to pay $1.070 billion in bills.
• The city’s financial surplus grew to $37.6 million, equating to a $300 Taxpayer Surplus™.
• Tourism remains a key economic driver, providing critical funding for public services.

While Orlando’s financial outlook is positive, aligning pension data with fiscal reporting will be important for a clearer assessment of its long-term financial health.

For those interested in a deeper dive into Orlando’s finances—and how it compares to other major U.S. cities—you can read the full Financial State of the Cities 2025 report here.