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Report looks at fiscal health of local schools

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CNY/NNY/S. Tier: Report looks at fiscal health of local schools
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NEW YORK STATE -- A new report takes a deep look at the financial health of our schools.

State Comptroller Thomas DiNapoli released the results of his fiscal stress study.

It combined financial indicators along with environmental factors to show which schools will have to work hard to balance the books.

Auditors looked at fund balances, cash position, operating deficits, student enrollment, and property value among other stats.

A staggering 87 school districts statewide were listed as being in some sort of fiscal stress.

Many of them were in Central and Northern New York and along the Southern Tier.

Central and Northern New York

Two schools locally were classified as under significant financial stress, General Brown and Tupper Lake

Five schools were listed as dealing with moderate fiscal stress, Brookfield, DeRuyter, LaFayette, Northern Adirondack and Skaneateles.

Other school districts like Utica, North Syracuse, Oswego and Potsdam were listed among the schools susceptible to fiscal stress.

The report found that Upstate schools were more likely to be under financial stress.

It also found that Madison County was one of the most stressed counties in the state with more than 30 percent of its schools on the list.

Southern Tier


CNY/NNY/S. Tier: Report looks at fiscal health of local schools
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Now no district in the Southern Tier was listed as facing significant financial stress.

However, several described as being under moderate financial stress.

Those were Maine-Endwell, Otego-Unadilla, Owego-Apalachin and Walton Central Schools.

The region's two largest school districts, Binghamton and Elmira, were listed as being susceptible to financial stress.

Spencer-Van Etten was also in this category.

The report found that Upstate schools were more likely to be under financial stress.

It also found that Tioga County was one of the most stressed counties in the state with more than 30 percent of its schools on the list.


To look at the study done by Comptroller DiNapoli's Office, check out the links below.

www.osc.state.ny.us/localgov/fiscalmonitoring

www.osc.state.ny.us/localgov/districts

www.osc.state.ny.us/press/releases

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