For the fifth straight year, East Greenbush Central School District received a “no designation” fiscal stress score from the New York State Comptroller’s Office last week, indicating a low level of fiscal stress.
The Fiscal Stress Monitoring System was established by the State Comptroller in 2013 as an early warning of fiscal stress in school districts and local governments. It also provides feedback to local leaders, state officials and taxpayers about these fiscal stress conditions to help them prioritize the needs of their community and make decisions.
There are two components to the report:
- Financial indicators – year-end fund balances, cash position, short-term borrowing and patterns of operating deficits/surpluses.
- Environmental indicators – population, age, poverty, property values, employment, dependence on revenue from other government units (which can be highly variable), constitutional tax limits and sales tax revenue.
View the complete list of school district fiscal stress scores.