For the fourth straight year, East Greenbush Central School District received a “no designation” fiscal stress score from the New York State Comptroller’s Office, indicating a low level of fiscal stress.
The District was given a fiscal stress score of 6.7% in the 2016 Fiscal Stress Monitoring System report for public schools, which was released earlier today. School districts receiving a fiscal stress score of less than 25% receive “no designation” status.
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:
1) Financial indicators, which include year-end fund balances, operating deficits/surpluses, cash position, use of short-term debt for cash flow and fixed costs.
2) Environmental indicators, which include 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.