This Week
  • Kelby Russell wants you to know: Local wines are among the world's finest.

  • ROC the Future gives update on milestones for local education system.

  • CEO David Boyce has Tompkins Insurance Agencies on a growth path.

  • The Greater Rochester Awards honorees are profiled.

  • Aware of challenges, private schools work to build a sustainable future.

  • Mech Tech HVAC CEO Edward Burns expects the firm to log solid growth in 2014.

Monroe County tops fiscally distressed list

Rochester Business Journal
June 18, 2013

Monroe County ranked first among fiscally distressed municipalities in New York whose fiscal year ends Dec. 31, a report released Tuesday by the state comptroller shows.

Monroe was among six government entities facing significant fiscal stress in 2012, with a high score of 82.1 percent, the report states. County officials did not immediately respond to a request for comment.

The town of Ramapo in Rockland County ranked second at 70.8 percent. The town of Genesee Falls in Wyoming County, the city of Niagara Falls and Franklin County each scored 67.5 percent.

The town of Colonie in Albany County, at 65.8 percent, rounded out the list of significantly distressed.

Six municipalities are on a list of moderately stressed municipalities, and 12 more are listed as susceptible to stress. None of those 18 are in the Rochester area.

All New York’s towns and counties, along with 44 cities and 10 villages, have fiscal years ending Dec. 31.

The distressed communities share common characteristics such as low fund balance, a continued pattern of operating deficits and inadequate cash on hand to pay bills, Comptroller Thomas DiNapoli said.

“The challenges facing local governments have reached a critical point, and these fiscal stress scores should serve as a wake-up call,” he said in a statement.

“Taxpayers, local officials and state policy-makers need an objective analysis to help them understand the economic and budgetary challenges facing our communities. My office’s monitoring system was designed to do just that.”

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google