- Associated Press - Wednesday, September 23, 2015

ALBANY, N.Y. (AP) - New York’s comptroller reports 15 municipalities were under “significant” fiscal stress last year, with low fund balances and operating deficits, while another 11 were under moderate stress and 18 were considered susceptible.

The 15 are the counties of Monroe, Broome, Nassau, St. Lawrence, Franklin and Rockland; the cities of Glen Cove and Albany; and the towns of East Fishkill, Jasper, Ramapo, Pierrepont, Coeymans, Cherry Valley and Parish.

Comptroller Thomas DiNapoli says the third annual report shows financial trends in some local governments haven’t improved and things are “looking tougher” for cities.

It’s based on 2014 financial information provided by municipalities whose fiscal year ended Dec. 31.

That includes all counties and towns, 44 cities and 10 villages, altogether more than 1,000 communities.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide