Comptroller: Fewer NY villages under fiscal stress last year
March 13, 2017 01:23 PM
ALBANY, N.Y. (AP) - There are fewer villages in New York state under fiscal stress.
State Comptroller Thomas DiNapoli reports that there were nine villages in New York under some level of fiscal stress last year. That's down from 18 in the previous year.
The three villages deemed by DiNapoli as being in "moderate fiscal stress" are Ellenville in Ulster County, Granville in Washington County and Gowanda in Cattaraugus County.
Six more villages were listed as being "susceptible to fiscal stress": Walden in Orange County, Catskill in Greene County, Valley Stream in Nassau County, Wurtsboro in Sullivan County, Pomona in Rockland County and Andover in Allegany County.
DiNapoli evaluated 535 villages for financial indicators such as year-end fund balances and operating deficits.
The comptroller found no villages under significant fiscal stress.
Created: March 13, 2017 01:23 PM
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