I thought this was an interesting topic. In the September 2010 city newsletter, the city stated it realized a 3.5 million dollar surplus.
Most cities are in a financial bind (ahem, LA), but despite the tough economic times the city of Riverside, CA seems to be doing pretty well. The Mayor, Ron Loveridge, whom I have met on several occasions is a great leader and I think we have done pretty well electing our city officials.
Here is a link to the actual bulletin...
Riverside Monthly Newsletter