State Comptroller: Monroe County in Fiscal Stress
Sep 26, 2019
The state comptroller released its latest fiscal stress scores for New York communities and Monroe County made the list.
New York State Comptroller Thomas DiNapoli identified 25 local governments in fiscal stress. The latest round of scores, released Thursday, shows Monroe County as being under "moderate stress" in 2018.
DiNapoli's monitoring system was implemented in 2013 and evaluates local governments on such indicators as cash-on-hand and short-term borrowing.
“Nearly six million New Yorkers are living in a community struggling with fiscal stress. My fiscal stress monitoring system is designed to keep the public informed about the factors impacting local governments’ financial health,” DiNapoli said. “For those in fiscal stress, effective long-term planning is critical for charting a better path. These municipalities should use the tools my office provides and engage the public in those difficult, but important, discussions about community priorities.”
Almost 23 percent (12 out of 53 cities scored) of municipalities listed were designated in some level of fiscal stress, up from 14.5 percent (eight of 55 scored) found to be in stress in fiscal year 2017, according to the report.
Additionally, counties also had a relatively high rate of stress, with just over 14 percent (eight of the 56 counties scored) found to be in some level of fiscal stress in fiscal year 2018.
However, this is a decrease from the nearly 18 percent (10 of 56 scored) in fiscal stress in 2017.
Monroe County responded saying the county improved to moderate stress from significant stress last year and has improved every year since County Executive Cheryl Dinolfo took office in 2016.