Colorado Springs ranks in the top 20 “best-run cities,” according to the website 24/7wallst.
The article ranked the top best- and worst-run cities in the nation – San Bernadino is the nadir, and Plano was the zenith. In between, Colorado Springs ranked 14th on the best-run list, besting cities like Boston and Portland, Ore.
In the rating, the city’s low crime rate, 30th lowest in the nation, was noted, as was its credit rating of Aa2.
“Like many of the best-run cities, Colorado Springs avoided the worst of the housing crisis,” the report said. “Median home values in Colorado Springs saw no significant decline between 2007 and 2011, compared to a drop of more than 10 percent in the country as a whole. One weakness was Colorado Springs’ unemployment rate of 9.1 percent. Though higher than the 2011 national rate, it was still lower than most of the worst-run cities. Colorado Springs’ economy is primarily driven by the defense and technology industries. Lockheed Martin and Northrop Grumman are among the 10 largest employers in the area as of 2011, while Hewlett-Packard and Verizon also have a sizable presence.”