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MADISON (WKOW) -- Those of us fortunate enough to live in Madison, Wisconsin already know it's a great place. But according to 24/7 Wall Street, Madison is also the second best-run city in the United States.
Madison has a population of 236,889 and a credit rating of AAA, stable. Madison is home to the state capitol, as well as the University of Wisconsin-Madison. In addition, the region is a base to employers in fields like technology and healthcare.
Madison's unemployment rate of 4.9% in 2011 was the second-lowest among all large cities in the U.S. Of the city's adult population, 54% have a bachelor's degree, the third-highest rate among the top 100 largest cities. In December, the Madison City Council adopted a rule banning the government from using emergency reserves to fund the operating budget unless two-thirds of members vote otherwise. With the city exercising this kind of caution, it is no surprise Moody's analytics rates Madison general obligation debt as a perfect Aaa, with a stable long-term outlook.
The best run city in the United States, according to this survey, is Plano Texas. To see the entire list of best and worst run cities in the United States, click here.
