Comptroller releases fiscal stress test grades
New York State Comptroller Thomas DiNapoli has administered fiscal stress tests on municipalities across the state.
The test found that Colonie is under significant stress and Saratoga and Albany counties are under moderate stress. Two dozen municipalities are deemed to be fiscally stressed.
The full list of municipalities is available at the bottom of this post.
“The challenges facing local governments have reached a critical point and these fiscal stress scores should serve as a wakeup call,” said DiNapoli in a statement. “Taxpayers, local officials and state policymakers need an objective analysis to help them understand the economic and budgetary challenges facing our communities. My office’s monitoring system was designed to do just that. We have identified local governments from every region of this state that are facing some level of fiscal stress and presented them with a realistic picture of their financial condition."
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