Most fascinating is that "fiscal stability" is among the top factors influencing their definition of "effective governance."
According to the Report:
"All those factors, of course, are directly affected by how a city is managed. Mayors, school boards, and city councils all have a role to play in that regard. All of these groups must work with the resources available to keep budgets balanced."
From the Report:
"24/7 Wall St. has completed its second annual ranking of the 100 largest cities in the U.S., based on local economies, fiscal management, and quality of life measures. To evaluate how well a city is managed over the long-term, we looked at factors like the city’s credit rating, poverty, education, crime, unemployment, and regional GDP. The best-run city this year is Plano, Texas. The worst-run is San Bernardino, California.
Measuring the effective governance of a city and comparing it to others can be challenging. Each city has its own unique challenges and advantages. The strength of the regional economy, the level of state funding, and the presence of major corporations or industries can all impact a city’s prospects. They play a big part in a city’s employment levels, safety, and fiscal stability.
All those factors, of course, are directly affected by how a city is managed. Mayors, school boards, and city councils all have a role to play in that regard. All of these groups must work with the resources available to keep budgets balanced."
Read more: The Best and Worst Run Cities in America - 24/7 Wall St. http://247wallst.com/2013/01/15/the-best-and-worst-run-cities-in-america/#ixzz2JUdtCxQW
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