Fifty-nine school districts have been designated as fiscally stressed under New York State Comptroller Thomas P. DiNapoli’s Fiscal Stress Monitoring System. This is a decrease from 82 districts that were listed in stress last year and 90 the year prior.
This is the fourth year DiNapoli’s office has assessed and scored the financial stability of school districts. The latest round of scoring designated two school districts in “significant fiscal stress,” nine in “moderate fiscal stress” and the remaining 48 as “susceptible to fiscal stress.” The scores are based on the evaluation of 671 school districts with fiscal years ending on June 30, 2016.
“Fiscal stress in many school districts has declined, especially for those in the most severe condition,” said DiNapoli. “School officials should be commended for working to keep their districts out of financial harm, but should be careful not to amass excessive levels of fund balance in order to do so.”
For a list of school districts in fiscal stress, visit:http://www.osc.state.ny.us/localgov/fiscalmonitoring/schools/stresslist.htm
