"24/7 Wall St. has completed its first annual ranking of the best-run and worst-run cities in America. They reviewed the local economies, fiscal discipline and standard of living of the 100 largest cities by population to determine how well each is managed. Based on these data, 24/7 Wall St. ranked the 100 cities from the best to worst run. The best-run city is Virginia Beach, Va. The worst-run city is Miami, Fla."
What this article really measures is affluence and high socioeconomic status of residents.
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