Niagara Gazette — Details of the system were announced in September. DiNapoli said the system will calculate and publicize an overall score of fiscal stress for municipalities and school districts across the state.
The monitoring system was announced in conjunction with a report examining the demographic and financial trends of New York's 61 cities (excluding New York City) over the past three decades. The report found that many cities are struggling to balance budgets and revitalize deteriorating local economies.
DiNapoli has also begun to issue fiscal profiles on select cities across the state. Earlier this month, the Comptroller profiled the cities of Niagara Falls and Salamanca. The reports will help further inform officials and citizens on some of the unique environmental and systemic pressures facing New York’s cities.
For a copy of the annual report visit: http://www.osc.state.ny.us/localgov/datanstat/annreport/12annreport.pdf