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... recovery ratio, it is extended from one indefinitely for the subsidy revenue ratio -enabling a better understanding of financial tiers. Among the major regions included in this study, the subsidy revenue ratio ranged from a low of 0.7 in Atlanta to a high of 4.9 in Phoenix. Hierarchical clustering grouped the systems into five SRR bins, shown in Fig. 5, with breakpoints roughly aligned with integer values. While these breakpoints are based on only a small sample of UZAs, they do identify peer systems. For example, Dallas (DFW) and Houston (HOU), both located in Texas, are the fourth and fifth largest metropolitan areas, respectively, in the United States based on population and ...