NY comptroller reports fiscal gains by some cities
ALBANY, N.Y. (AP) — New York’s comptroller says several cities have shown improvements in their financial condition, while others are close to being designated “fiscally stressed.”
The comptroller’s office monitors fiscal stress of municipalities by examining fund balances, short-term borrowing and patterns of operating deficits. Comptroller Thomas DiNapoli issued fiscal scores for 2015 on Wednesday for 17 cities with fiscal years ending between March 31 and July 31.
Yonkers was designated “susceptible to fiscal stress,” an improvement from 2014. Long Beach and Utica shed their stress designations, but DiNapoli said they and Syracuse are close to being “susceptible.”
Others without stress designations were Auburn, Batavia, Buffalo, Corning, Hornell, Lackawanna, Olean, Rochester, Salamanca, Watertown and White Plains.
Amsterdam and Rensselaer failed to file their financial information.
Fiscal scores are available on the comptroller’s website (http://bit.ly/1SZyo6z ).