Study shows NYC is the third worst run city in America

share on:
Untitled

A provocative study by the personal finance website WalletHub finds that NYC is the third worse run city in America. In a list of 150 major metropolitan areas, NYC ranked 148.

Life in this city makes most of us pretty effective at balancing our budget. Akin to walking a tightrope, high rent prices and cost of living leave many of us a step away from financial ruin on a monthly basis. This is truly one of the skills that come in the fine print of moving to/ living in New York City. With New York citizens so adept at making a little stretch a little a long way, it begs the question, why can’t our public servants do the same?

A study conducted by the personal finance website WalletHub found that New York City is the third worst run city in America. The site conducted an in-depth analysis of 2017’s Best- & Worst-Run Cities in America by:

“…determining a city’s operating efficiency. In other words, we can learn how well city officials manage and spend public funds by comparing the quality of services residents receive against the city’s total budget.”

NYC has the third highest budget per capita, at almost $14 million, but it was found that the money was not necessarily spent efficiently, especially when it comes to financial stability and education. NYC is both saddled with debt with fourth highest long-term debt per capita at $17,308, and has a high drop out rate with a high school graduation rate at just 69.6 percent.

The top ten cities on the list were:

1 Nampa, ID
2 Provo, UT
3 Boise, ID
4 Missoula, MT
5 Lexington-Fayette, KY
6 Las Cruces, NM
7 Billings, MT
8 Bismarck, ND
9 Fort Wayne, IN
10 Louisville, KY

And sadly, out of 150 major metropolitan areas here are the ten worst:

140 Chicago, IL
141 Memphis, TN
142 Chattanooga, TN
143 Flint, MI
144 Oakland, CA
145 Hartford, CT
146 Cleveland, OH
147 San Francisco, CA
148 New York, NY
149 Detroit, MI
150 Washington, DC

Featured image source [Wikimedia Commons]

 

Leave a Reply