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PHOENIX — Phoenix is one of the “best-positioned” cities in America when it comes to the weight of the financial burden of its infrastructure, a new analysis has found.
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Merritt Research Services, which produces data for the municipal finance industry, said in its study that Arizona’s capital city has an infrastructure and capital asset burden of more than $5.5 billion, good for about $3,291 per resident.
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That puts Phoenix at No. 9 on Merritt’s list of the 10 best-positioned cities with a population of 500,000 people or more. Coming in ahead of Phoenix in that category were Jacksonville, Florida; San Francisco; Columbus, Ohio; Austin, Dallas and El Paso, Texas; Charlotte, North Carolina; and Seattle. Rounding out the top 10 was Memphis, Tennessee.
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Read more of this story from the Business Journal.