State Comptroller: Erie County "Susceptible to Fiscal Stress"

10:55 PM, Sep 25, 2013   |    comments
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By Joseph Spector

Albany Bureau Chief

ALBANY Fourteen local governments, including Rockland County and Poughkeepsie, were labeled "fiscally stressed" Wednesday by the state Comptroller's Office, part of a list of 38 communities dealing with troubled finances.

WEB EXTRA:   See what Western New York municipalities are on the list. (http://bit.ly/1bFOdi0)

Rockland was listed as the most fiscally stressed county in the state in the latest rankings. After being number one in June, Monroe County fell to number two on DiNapoli's list.

Ramapo in Rockland County ranked fourth, Poughkeepsie ranked sixth and Fishkill ranked seventh. Erie County was deemed as "susceptible to fiscal stress."

"The increased number of municipalities in fiscal stress underscores the seriousness of the challenges facing local governments," DiNapoli said in a statement.

DiNapoli released a first list of troubled local governments in June, and he deemed Monroe County as having the most troubles -- a designation the county disputed.

The comptroller Wednesday updated the list, adding designations to 88 local governments. The list includes 14 counties, 18 towns, five cities and one village dealing with some level of fiscal stress, based on nearly two dozen criteria.

DiNapoli and the local governments themselves have warned about increasing fiscal pressures. Rising pension and health-care costs coupled with stagnant revenues has squeezed municipalities' budgets.

Rockland County is hoping Gov. Andrew Cuomo will sign legislation to allow it to borrow $96 million on the municipal bond market to pay its bills.

New York has 932 towns, 57 counties, 44 cities and 10 villages. Nearly 25 percent of counties and 11 percent of cities were fiscally stressed, DiNapoli said.

 

 

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