State Releases Fiscal Stress List

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German Flatts Second Worst Pressure In The State

New York State Comptroller Thomas DiNapoli has released his annual Fiscal Stress Test results and one Herkimer County town and one Otsego County school district are listed as having significant fiscal stress. The Town of German Flatts has the second highest fiscal stress level of all of the reporting municipalities in the state. The Schenevus Central School District also ranked on the list of Significant Stress. The rankings run through the end of 2018.

Any municipality that had a fiscal score of 65 or higher, in the Comptroller’s Fiscal Stress Monitoring System, is regarded to be under Significant Stress. The Town of German Flatts has Fiscal Score of 81.7 and the Schenevus Central School District has a score of 66.7.

The Fiscal Stress Monitoring System was instituted in 2013. It evaluates local governments and school districts on financial indicators and creates fiscal stress scores. Indicators assess year-end fund balance, cash-on-hand, short-term borrowing, fixed costs and patterns of operating deficits. The system also evaluates information such as population trends, poverty and unemployment in order to establish a separate “environmental” score for each municipality which can be used to help describe the environment in which these local governments operate.

STRESS DESIGNATIONS:

            Fiscal Score              45 to 54.9       =          Susceptible to Fiscal Stress

            Fiscal Score              55 to 64.9       =          Moderate Stress

            Fiscal Score              65 or Higher  =          Significant Stress

The ten highest Fiscal Scores among the muinicipalities in Oneida, Herkimer and Otsego counties:   

  1. Town of German Flatts 81.7
  2. Schenevus Central School 66.7
  3. City of Little Falls 50.0
  4. Oneida County 41.7
  5. Adirondack Central School 36.7
  6. City of Utica 35.0
  7. Village of Mohawk 31.7
  8. Village of Oriskany 28.8
  9. Town of Trenton 28.3
  10. Village of Sylvan Beach 24.2

Other notable municipalities Fiscal Scores:

  • New Hartford – Town 0.0
  • New Hartford – Village 19.2
  • New Hartford – School 21.7
  • Whitesboro – Town 1.7
  • Whitesboro – Village 0.0
  • Whitesboro – School 0.0
  • Utica – School 3.3
  • Rome – City 9.6
  • Rome – School 10.0
  • Clinton – Village 5.0
  • Clinton – School 0.0
  • Ilion – Village 22.1
  • Frankfort – Village 0.0
  • Frankfort – Town Did Not File
  • Central Valley School 3.3
  • Little Falls – Town Did Not File
  • Little Falls – School 0.0
  • Herkimer County 0.0
  • Herkimer – Town 12.9
  • Herkimer – Village 0.0
  • Herkimer – School 20.0
  • Dolgeville – Village Did Not File
  • Dolgeville – School 13.3
  • Oneonta – City 0.0
  • Oneonta – Town 0.0
  • Oneonta – School 3.3
  • Otsego County 22.5
  • Cooperstown – Village 0.0
  • Cooperstown – School 0.0

To check on any municipality’s Fiscal Score and get the data related to that score, you can click this link:

http://wwe1.osc.state.ny.us/localgov/fiscalmonitoring/fsms.cfm

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