Fiscal Stress

Quick Count of New York’s Muni’s in Fiscal Distress

February 5, 2013 Cities

Based on the Governor’s tentative list, I just did a quick count of New York’s municipalities listed as being fiscally distressed and those not. Fiscally distressed: 437 Not fiscally distressed: 1,169 No data in the file (which I’ll check): 2 Total: 1,606 Percentage fiscally distressed: 27.2% Note, there are no school districts in this list. […]

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More Measures of Muni Fiscal Stress

February 5, 2013 County Government

Yesterday, the Budget Division of New York’s Governor, Andrew Cuomo, released a list of municipalities indicating at least one form of fiscal distress. While the list and measures are preliminary (for information only), they are evidently precursors of more definitive measures that would enable municipal governments to benefit from capped binding arbitration decisions in labor […]

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Keeping Watch for Local Government Fiscal Stress

December 2, 2012 Accounting

New York’s Comptroller, Tom DiNapoli has issued a draft proposal for identifying local governments at risk of fiscal stress. An earlier report touches on local fiscal distress. And here, former Assemblyman Richard Brodsky discusses the earlier Comptroller’s report. It’s a good idea, and given the local governments that have already gotten themselves in trouble the […]

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