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Wednesday, January 23, 2013

How well is your City being run?

According to the website 247wallst.com, South Florida has two Cities in the top 10 WORST run Cities.  A distinction we are obviously not proud of.

The story, "The Best and Worst Run Cities in America", ranks Hialeah # 5, and Miami #2 being the worst run. 

Hialeah was ranked 5th based on factors like violent crime 3.78 per 1,000 people, unemployment rate tied for 9th at 14.1%.  Home prices between 2007 and 2011 fell by 44% in Hialeah,median household income of $27,208 in 2011, 15.5% worked in the generally low-paying retail trade, and nearly 40% of city residents are without health insurance, higher than any other large city in the U.S.

Miami is ranked 2nd based on a violent crime rate of 11.98 per 1,000 people, unemployment of 12.4% Between 2007 and 2011, the median home value in Miami fell by 43.5%. The nation’s lowest median household incomes, at under $29,000, while 31% of residents lived below the poverty line — nearly twice the U.S. rate of 15.9%. Still the city joined with Miami-Dade County to pay for almost 80% of the more-than $600 million cost of building a new baseball stadium for the Miami Marlins. The deal has caused significant uproar. While taxpayers pay extremely high costs to service the stadium debt, the team has traded many of its top players. In 2011, the SEC launched an investigation into the agreement.

A side note about the Mayor of Miami, Carlos Alvarez who allowed the stadium deal to happen was recalled about two years ago and congratulations are in order.  He just came out of seclusion and won...an amateur bodybuilding championship.

For Property Tax Appeal Help: www.PTAGflorida.com

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