Despite eight cities and counties around the United States declaring bankruptcy since 2010, San Antonio, Texas, ranks as the only American city with over a million people to have a perfect "AAA" bond rating.
Mayor Julian Castro explains why his city's economy is robust. San Antonio's diversified economy has thriving health, military, and education sectors. In addition to growing public and private sectors, San Antonio has benefited from effective management.
The mayor points to education as vital to the restoration of faltering American cities. “There is not a single city or suburb out there that if it has a great education system, a great school district will not prosper,” he said.