New Yorkers may feel like this is one of the best cities in America, but a new report has named New York City one of the worst-run cities in the United States.
New York City ranked as the third-worst-run city in the country according to a WalletHub study published on Monday.
This is the second year in a row New York landed near the bottom on WalletHub’s ranking of the best-run cities. Out of 150 cities measured on a variety of “quality of services,” New York came in at number 148, above only Detroit and Washington, D.C. Gulfport, Mississippi and San Fransisco came in above New York, rounding out the top five worst-run cities.
WalletHub's list looks at how effective the local leadership is, but how can that be measured?
"One way is by determining a city’s operating efficiency," per the report. "In other words, we can learn how well city officials manage and spend public funds by comparing the quality of services residents receive against the city’s total budget."
The study’s “quality of services” score looked at different details across several categories: financial stability, education, health, safety, economy and infrastructure and pollution.
New York fared well in the safety area, but its finances and economic issues dragged down its overall score. According to the report, New York has some of the highest long-term outstanding debt.
The report also dinged New York City when it came to education. The high school graduation rate here is 74.3 percent, Mayor Bill de Blasio announced in February.