Congratulations to the City of Virginia Beach on being named by the financial news website 24/7 Wall St. as the best-managed city in the United States!
According to Mayor Will Sessoms, “24/7 staff examined the 100 largest cities in the United States by reviewing each city’s local economy, fiscal discipline and standard of living. Among the criteria considered were crime, poverty, education and credit rating.”
From 24/7 Wall St.’s report:
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.
Kudos also to Mayor Alan Krasnoff and the City of Chesapeake for making no. 6 on this list!
