Madison
22° 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
  • Ferguson protests after grand jury

    Jim Young/Reuters

    Ferguson reacts to grand jury decision

    The announcement of a grand jury's decision not to indict Ferguson police officer Darren Wilson in the shooting death of unarmed teen Michael Brown was met with chaos Monday night.

  • Nation reax Ferguson blurb image

    REUTERS

    Nation reacts to Ferguson decision

    A grand jury's decision not to indict Ferguson, Missouri, police officer Darren Wilson in the shooting death of unarmed teen Michael Brown set off demonstrations across the United States Monday night.

  • Thanksgiving, turkey, holiday, Christmas

    istock

    Thanksgiving Day fast facts

    Here's some background information about Thanksgiving Day, celebrated in the United States on the fourth Thursday in November. In 2014, Thanksgiving is Nov. 27th.

Advertisement