Most Efficient Public Spending: New Orleans, Miami Top List
With primary-election season in full swing and the tax filing deadline approaching, the personal finance website WalletHub conducted an in-depth analysis of 2016’s Cities with the Most Efficient Public Spending.
To identify the local governments that are spending taxpayer dollars most efficiently, WalletHub’s analysts tallied the scores among 78 of the largest cities on key expenditure categories.
| Cities with the Most Efficient Public Spending | |||||
| 1 | New Orleans, LA | 11 | Baton Rouge, LA | ||
| 2 | Miami, FL | 12 | Tulsa, OK | ||
| 3 | Philadelphia, PA | 13 | Richmond, VA | ||
| 4 | Cleveland, OH | 14 | El Paso, TX | ||
| 5 | Houston, TX | 15 | Cincinnati, OH | ||
| 6 | Hialeah, FL | 16 | Austin, TX | ||
| 7 | Dallas, TX | 17 | Buffalo, NY | ||
| 8 | Charlotte, NC | 18 | Fort Wayne, IN | ||
| 9 | Pittsburgh, PA | 19 | San Antonio, TX | ||
| 10 | Phoenix, AZ | 20 | Lubbock, TX | ||
Most Efficient Public Spending: New Orleans, Miami Top List
For the full report and to see where your city ranks, please visit:
http://wallethub.com/edu/cities-with-the-most-efficient-public-spending/20492/
Like Rome, no great city can be built in a day. A solid foundation for an ideal metropolis often develops over decades, even centuries, and through strong economic leadership. But with an excess of borrowing and a shortage of sound financial planning, cities can fall too deep into debt, as demonstrated by the rare municipality bankruptcies in recent years — a few notable cases including Detroit; Harrisburg, Penn.; and San Bernardino, Calif.
In light of the looming tax filing deadline, WalletHub assessed how efficiently some of America’s largest urban centers spend taxpayer dollars on certain key expenditure categories, includingeducation, law enforcement, and parks and recreation. Our analysts tallied the scores among 78 of the largest cities on these expenditures to identify those that most efficiently spend public resources. Although we could not account for all public spending, we believe that efficient spending in key areas is a strong indicator of the level of efficiency in other expenditure categories.
Scroll down for the results, expert commentary and a full description of our methodology.
Source: WalletHub
