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Posted on: September 25, 2018

STATE COMPTROLLER'S OFFICE ISSUES FISCAL STRESS REPORT

M  E  M  O  R  A  N  D  U  M

 

FROM:       Town Supervisor Robert McKeon

DATE:        September 25, 2018

RE:             State Comptroller’s Office Issues Fiscal Stress Report


For the second year in a row the NYS Comptroller’s Office has attributed a nearly perfect fiscal stress rating for the Town’s finances.  At 1.7, the score is well below susceptibility level of 45 and significant stress level of 65.

“Given the lower debt levels and the fact that OSC uses a 3 year average, it’s quite possible that we will achieve a perfect rating in 2018.”

To view a copy of the Fiscal Stress Analysis, click here: 


http://www.redhook.org/CivicAlerts.aspx?AID=98


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