Fiscal Stress

In 2013, Comptroller DiNapoli implemented a statewide fiscal stress monitoring system to identify local governments and school districts experiencing fiscal stress. The goal of the System is to inform both municipal leaders and taxpayers of the budgetary and economic challenges facing their locality so that actions can be taken when appropriate to avoid a fiscal crisis. The System uses data that is already submitted by local governments to this Office to calculate a fiscal stress score and to classify an entity in “significant fiscal stress,” “moderate fiscal stress,” “susceptible to fiscal stress” or “no designation.”  As of August 29th 2014, our review of the 2013 Annual Update Document (AUD) for the Town of Camillus has been completed. The Town’s fiscal and environmental scores and designations are outlined below.

FYE Fiscal Stress Score Fiscal Stress Designation Environmental
Score
Environmental
Designation
2012 18.8% No Designation 8.3% No Designation
2013 6.3% No Designation 8.3% No Designation

 

 

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