DiNapoli Finalizes Fiscal Monitoring System
State Comptroller Thomas DiNapoli’s office has finalized plans to implement a statewide fiscal monitoring system that would publicly identify local governments experiencing financial strain.
DiNapoli’s office drafted the ‘early warning’ monitoring system last September and shared details of the proposal with all of the state’s local governments and school districts for their review during a 60-day comment period.
More than 85 local government and school district officials, as well as a number of affiliated organizations, provided a wide variety of feedback.
Using data already submitted by more than 3,000 local governments, DiNapoli’s office will calculate and publicize an overall score of fiscal stress for approximately 2,300 municipalities and school districts across the state.
They will be listed as in “significant fiscal stress,” “moderate fiscal stress,” “susceptible to fiscal stress,” or “not in fiscal stress.”