Madison
51° F
Overcast
Overcast
Advertisement

Website ranks Madison second-best-run city in US

Published On: Jan 23 2013 04:51:37 PM CST
Updated On: Jan 23 2013 05:12:37 PM CST
MADISON, Wis. -

A national financial news and opinion online publication has declared Madison to be the second-best-run city in America.

The website, 24/7 Wall Street, researches and publishes articles on financial and market information.

The article cites Madison's low unemployment rate of 4.9 percent in 2011, which was the second-lowest among all large cities in the U.S. It also cites Madison's Aaa credit rating, and a city ordinance that bans the government from using emergency reserves to fund the operating budget, unless two thirds of council membership vote otherwise.

In the article, Madison is ranked higher than a number of cities of similar size, including Lincoln, Neb.; Freemont, Calf., and Irvine, Calif., as well as larger cities such as Virginia Beach, Va.; Raleigh, N.C.; and Seattle.

"It is always good to be recognized for the hard work being done to maintain our good fiscal standing," said Mayor Paul Soglin in a news release. "What I am interested in pursuing next is unseating Plano, Texas, which is ranked as the best-run city in America."

In awarding the ranking to the city of Madison, authors cited the local employers in fields such as technology and health care. The article also noted that 54 percent of the city's adult population has a bachelor's degree, the third-highest rate among the top 100 largest cities.

Advertisement
  • Craig Spencer

    America's Ebola patients

    An American doctor who was working with Ebola patients in Guinea was been diagnosed with the disease after returning to New York. Learn more about him and America's other Ebola victims.

  • Hot peppers

    Karimala/iStock

    Notable food recalls

    A North Carolina producer of peppers and hot sauces is voluntarily recalling 6,215 pounds of fresh serrano chili peppers because some tested positive for salmonella. Here are other notable food recalls that made headlines.

  • Twitter

    Mario Anzuoni/Reuters

    Famous first tweets

    The Queen is on Twitter! Check out what she had to say and other famous first tweets.

  • jack-o-lantern Halloween pumpkin

    Juliet James/SXC

    Halloween

    Games, recipes, trick-or-treating, scary movies and everything else you need to make your Halloween extra spooky.

  • Politician, politics, debate, election

    iStock / bns124

    Election Coverage

    Get up-to-date on political stories, Reality Check the latest political ads, learn about the candidates and find election results in our special section.

  • Ebola virus pink

    CDC

    Ebola special coverage

    Get the latest news on the Ebola outbreak and resources to help you learn more about the deadly virus.

Advertisement