Orlando Ranked 10th Worst-Run City in America
Despite assurances from Orlando Mayor Buddy Dyer that “Orlando is a World Class City,” many would disagree. In today’s 24/7 Wall Street, a financial news website, the data names Orlando as the 10th Worst Run City in America. Great job, Buddy!
From 24/7 Wall Street:
10. Orlando, Fla.
> Population: 243,209
> Credit rating: Aa1, stable outlook
> Violent crime per 1,000 people: 10.73 (17th highest)
> Unemployment rate: 10.2% (tied- 38th highest)
Like the state of Florida as a whole, Orlando took a significant hit during the housing crisis. Median home values between 2007 and 2011 declined by nearly 40%. Violent crime has also plagued the Orlando area. In 2011, there were nearly 11 violent crimes for every 1,000 people, which placed Orlando among the top fifth of the 100 largest cities. In 2013, the city will have to borrow $29.5 million from its reserves in order to balance the $354.2 million budget. Despite the shortfall, the budget deal did not raise property taxes and city employees will get a 3% raise.
In addition to ranking the worst-run cities in America, 24/7 Wall Street also ranked the best-run.
To evaluate how well a city is managed, the authors of the research took into account several factors including, a city’s credit rating, poverty, education, crime, employment and regional GDP.
At it turns out, the best-run city this year is Plano, Texas. The worst-run is San Bernardino, California.
See details of best and worst-run cities HERE.