DiNapoli releases the fiscally stressed schools list
Matthew Hamilton is reporting at Capitol Confidential that 82 school districts statewide, including three in the Hudson Valley, are in or are susceptible to fiscal stress, according to a new report from state Comptroller Tom DiNapoli's office. The report shows the highest concentrations of fiscal difficulties in Long Island, Central New York and the Mohawk Valley. The Rhinebeck and Poughkeepsie districts in Dutchess County, and the New Paltz schools in Ulster County, were all classified as under moderate fiscal stress. Rhinebeck was identified as one of four districts statewide showing a significant increase in their fiscal stress score during the 2014-15 school year. None of the districts located in Greene or Columbia counties made the list this year. Fiscal stress scores are based on various factors, including year-end fund balance, short-term borrowing and patterns of operating deficits. This is the third year DiNapoli’s office has assessed and scored the financial stability of school districts. Read the full story at Capitol Confidential, a Times Union blog.