Broome County is 'susceptible to fiscal stress'

By Anna Norris

Broome County is 'susceptible to fiscal stress'

May 2, 2014 Updated May 2, 2014 at 12:03 PM EDT

(WBNG Binghamton) New York State Comptroller Thomas DiNapoli announced the fiscal stress ranking for New York State municipalities.

The Fiscal Stress Monitoring System helps identify early warning signs of financial problems for cities, towns, school districts and counties across the state.

The system uses a 100 point scale to classify whether a municipality is in significant fiscal stress (65-100%), in moderate fiscal stress (55-65%), is susceptible to fiscal stress (45-55%), or no designation (below 45%).

Broome County is teetering the line between susceptibility to fiscal stress and in moderate fiscal stress, at 54.6%.

DiNapoli’s monitoring system has identified a total of 142 municipalities in some level of fiscal stress. This includes 16 counties, 18 towns, five cities, 16 villages and 87 school districts.

To search for specific stress scores on a school district or town, visit the State Comptroller's website.