Arizona Has Least Recession Recovered Cities

With more than a dozen municipalities filing for bankruptcy since 2008 and cities like Tucson on the verge of bankruptcy, an in-depth analysis of 2017’s Most & Least Recession-Recovered Cities was conducted by the personal-finance website WalletHub.

To measure the progress of local economies since the financial crisis and amount of recovery work that remains to be done, WalletHub’s analysts compared 505 U.S. cities of varying sizes across 18 key economic indicators. The data set range from “inflow of college-educated workers” to “share of households receiving public assistance” to “homeownership rate.”

Tucson is the least “recession-recovered” large city, with Mesa, and Phoenix only beating out Detroit and Tucson.

Last week, Phoenix city Councilman Sal DiCiccio called for a strategic plan to deal with the City’s forecasted deficits. “Until we reign in our spending on unnecessary projects and complete a true strategic plan, Phoenix will continue to deal with deficits, taxes increases and reductions in services,” stated DiCiccio.

Tucson, which is in far worse economic shape than Phoenix, is primarily relying on voters to support a tax increase.