Chenango scores near the top in fiscal stress report

CHENANGO – Chenango County ranks among some of the least fiscally stressed municipalities in New York, according to a report released by the Office of the State Comptroller.

On a list of 57 counties outside New York City, Chenango places fourth in terms of fiscal stress, earning a score of 6.7 percent for the 2014 fiscal year. That’s up only slightly from 3.3 percent score in 2013.

The fiscal stress monitoring system, created and overseen by the New York State Comptroller’s Office, is a statewide initiative to keep municipalities out of the red. The higher the score on a fiscal stress report, the more susceptible a municipality is to potentially devastating financial burdens. Stress scores are based on financial and environmental factors such as a municipality’s total fund balance, operating deficit, debt, population, and poverty and unemployment rates.

There's more to this story! You're only seeing 25% of the story. Subscribe now to get immediate access to the rest of the story as well as our whole online offering.

Today's Other Stories

© 2018 Snyder Communications/The Evening Sun
29 Lackawanna Avenue, Norwich, NY 13815 - (607) 334-3276
Create an Account Forgot Password Help
pennysaver logo greatgetaways logo
We're on Facebook