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Date ArticleType
7/28/2016 Member News
Wallethub Ranks City of St. Petersburg as Best-Run City in Florida

WALLETHUB RANKS CITY OF ST. PETERSBURG AS BEST-RUN CITY IN FLORIDA

This week, WalletHub ranked the City of St. Petersburg as the best-run city in Florida, and the state leader in both sound economic practice and fiscal stability. St. Petersburg ranked 48th overall in the nation, including 21st for sound economic practice, 26th for infrastructure & pollution, and 35th for fiscal stability.

In their 2016 “Best Run Cities in America” ranking, WalletHub compared the 150 largest cities in America, and utilized six indicators to determine outcomes: financial stability, education, health, safety, economy and infrastructure & pollution. Those categories were combined, and then measured against city budgeting efficiencies.

Said Mayor Rick Kriseman: “Thanks to WalletHub for recognizing Florida’s best city. It’s always nice to receive affirmation of the work our team is doing on behalf of our residents. St. Petersburg is truly on the rise and it’s a credit to everyone who believes in our vision of being a city of opportunity where the sun shines on all who come to live, work, and play.”

Said City Council Chair Amy Foster: “While maintaining a balanced budget, and putting money in our reserves, we have also managed to address our city’s critical infrastructure. I am proud to work with the mayor and my colleagues on City Council to ensure we have a vibrant, robust, and efficient city, ready for the next generation.”

Said City Administrator Dr. Gary Cornwell: “We are proud to be recognized by WalletHub as one of America’s best run cities, and the highest ranked city in Florida. In St. Petersburg, we work diligently to foster a climate of innovation, and have paid close attention to stabilizing our city in the wake of the ‘Great Recession’ and to better prepare for the future. We continually review our finances to monitor our spending, ensure that we maximize our return on investments, and to find better ways to serve our citizens.”

WalletHub is an online platform providing tools and information to users “to make the best financial decisions and save money.”

The link to the rankings can be found here:
https://wallethub.com/edu/best-run-cities/22869/