Holon is the city with the healthiest financial condition, followed by Ramat Gan, Rishon Le Zion, Ashdod, Ashkelon, Ra'anana, Modi'in-Makabim-Reut, Herzliya, Netanya and Upper Nazareth, Business Data Israel said Tuesday.
Leading the list of least financially stable cities were Acre, Beersheba, Kiryat Ata, Eilat, Hadera, Rehovot, Jerusalem, Haifa, Bat Yam and Petah Tikva. Kfar Shmaryahu and Savyon were the most stable non-urban local authority, while Migdal and Yanuh-Jatt were the least stable.
More than three in four Israeli local authorities have deficits greater than NIS 200 per resident, the business research firm said. In 2005, local authorities in Israel managed to collect 64 percent of municipal taxes owed, up from 56% the previous year.
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