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DiNapoli says Catskill village 'susceptible to fiscal stress'

Mar 23, 2018 6:30 am

The Times Union is reporting Catskill is one of five villages in New York identified by the state comptroller's office as "susceptible to fiscal stress," or some form of fiscal trouble. DiNapoli's office evaluated a total of 529 villages statewide and found fiscal stress was relatively low among all but 10 villages. Island Park, a village with a population of just over 2,000, located in southern Nassau County, topped the list, in significant fiscal stress. The village of Ellenville in Ulster County, was one of four villages identified as in moderate fiscal stress. The comptroller's office also looked into the finances of 17 cities across New York state, and Long Beach, Nassau County, was found to be in significant fiscal stress. DiNapoli's office looks at financial indicators including year-end fund balance, cash position and patterns of operating deficits. Read the full story in the Times Union.

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