fiscal monitoring | WAMC

fiscal monitoring

NYS Comptroller Thomas DiNapoli in Plattsburgh
Pat Bradley/WAMC

Twenty-five of New York state’s local governments are in some form of fiscal stress, according to a new report by the state comptroller.

NYS to Implement System to Diagnose Fiscal Stress

Jan 29, 2013

There’s a new system ready to be put in place in New York State to help identify local governments and school districts under financial strain. The idea is to flag financial problems before they spiral into a crisis.

The New York State Comptroller’s office has finalized plans to implement a statewide fiscal monitoring system to identify local governments and school districts under or nearing financial stress, by classifying their fiscal conditions. Brian Butry is a spokesman for State Comptroller Thomas DiNapoli.

Comptroller Thomas DiNapoli is proposing an early warning system that would rank New York's local governments based on fiscal stability.