Virginia Beach today was named the best-run city in America by 24/7 Wall St., a financial news website.
The staff examined the 100 largest cities in the United States, reviewing the local economy, fiscal discipline and standard of living in each city. Among the criteria considered were crime, poverty, education and credit rating. “For the most part, the best-run cities manage their debt and resources well,” the website reported “The worst-run cities do not.”
24/7 Wall St. had this to say about Virginia Beach:
“Virginia Beach is, by our measurement, the best-run city in the U.S. Located on the eastern shore of Virginia, the city is one of the most prosperous in the country. Out of the 100 largest cities, it has among the 10 lowest violent crime, unemployment, and poverty rates, as well as among the 10 best for median income, high school graduation and health insurance coverage. Moody’s listed Virginia Beach’s three main strengths as a ‘large and diverse tax base stabilized by the presence of military bases,’ the city’s ‘strong and carefully managed financial position,’ and ‘comprehensive financial policies and conservative budgeting approach.’ The city’s credit rating is a perfect AAA.”
To read the full story, visit www.247wallst.com/2012/01/05/best-and-worst-run-cities-in-america.
24/7 Wall St. provides content for websites including TheStreet.com, AOL Finance and BloggingStocks, The Wall Street Journal online, MarketWatch, StockHouse, MSN Money, AOL Finance, Daily Finance, Time.com, and Newsweek.com. The company publishes about 35 pieces of content a day and has readers throughout North America, Asia, the Middle East and Africa.
# # #