MILWAUKEE (WTAQ) - Milwaukee's mayor does not argue that poverty and crime are too high in his city.
But Tom Barrett takes issue with the opinion Web site 24-7-Wall Street, which called Milwaukee the 10th worst-run city in the nation.
The Huffington Post ran a story about the rankings -- which are based on things like municipal credit ratings, unemployment, poverty, crime, education, and the local Gross Domestic Product.
Barrett says he has no beef about saying that Milwaukee's poverty is too high -- and he points out that officials are doing something about it. The mayor also agrees there's too much drug and gang related crime.
However, Barrett says there's no cause for alarm about the city's debt levels -- which 24-7-Wall Street indicated was a concern for how Milwaukee is managed. Milwaukee has a "AA-2" rating from Moody's -- and that service indicates high quality bonding with a low credit risk.
On average, the city of Milwaukee repays 85 percent of its debt within 10 years -- well above the national average of 50 percent. City officials said they had just over $800 million in general obligation debts as of last spring.
(Story courtesy of Wheeler News Service)