Plano ranked 10th on a list of “Best Run Cities” compiled by 24/7 Wall St., an online financial news publication. 24/7 Wall St. ranked both the best-run and worst-run cities in America. To compile the lists, it reviewed the local economies, fiscal discipline and standard of living of the 100 largest cities by population to determine how well each is managed. Virginia Beach, VA ranked #1 followed by Irvine, CA; Madison, WI and Freemont, CA. Plano’s description in the article is listed below.
10. Plano, Tex.
Violent crime per 1,000 people: 1.81 (7th lowest)
Poverty rate: 7.9% (5th lowest)
Adult population graduated from high school: 93.3% (4th highest)
Credit rating: Aaa
Plano, a wealthy suburb of Dallas, was founded in 1873. The city has one of the lowest violent crime rates in the country, partly because it can afford a sizable and educated police force. Plano is one of the few cities in the U.S. that require a four-year college degree of its police officers. Plano’s population is the third wealthiest of the cities we examined, with a median household income of nearly $80,000 a year. Just 7.9% of the area’s residents live below the poverty line, and just 1.3% of households make less than $10,000 per year, the lowest rate among all major U.S. cities. Moody’s has assigned a perfect Aaa rating to Plano’s general obligation credit, citing “an affluent and large tax base” and “strong financial management.” (1/5/12)