New York State Comptroller Thomas P. DiNapoli reports school districts designated in fiscal stress dropped to record lows largely due to aid increase.
The Comptroller's office has been tracking local government and school district fiscal stress for nearly a decade through its Fiscal Stress Monitoring System and now reports that its finds that for fiscal year 2021-22 indicates only 14 school districts were designated in fiscal stress. This is the lowest number of districts in stress since the System’s inception.
Major increases in aid over the last two years from both the federal government (temporary) and the State (ongoing) have helped – particularly for many high-need districts that have struggled to avoid fiscal stress in recent years.
For more, see the Comptroller's:
Reports and fiscal stress scores for all counties, cities,
towns and villages are available. For more information and for the
Comptroller's most recent data, visit the Fiscal
Stress Monitoring System main page.