County of Rockland Removed from State's Fiscal Stress List
Real Estate In-Depth | October 2019
NEW CITY—New York State Comptroller Thomas DiNapoli recently released the 2018 Fiscal Stress Monitoring System report, which did not include Rockland County.
“In 2013, the County of Rockland had a score of 86.7% and was listed as New York State’s most fiscally stressed local government. Not being included in the 2018 report with a score of 41.7% is yet another affirmation that our finances are improving; the hard choices we have made are being recognized by the Comptroller’s Office. I truly appreciate the close partnership we have developed with the Comptroller’s Office as they have helped us navigate through this situation,” said Rockland County Executive Ed Day.
The New York State Comptroller’s Fiscal Stress Monitoring System provides an early warning of fiscal stress to local governments by examining their financial information and aspects of their external environment; and feedback to local leaders, state officials and taxpayers about fiscal stress conditions to help them prioritize the needs of their community, understand trade-offs and follow through with tough decisions.
The 2017 report showed Rockland to have “Moderate Stress” an improvement from being in the “Significant Stress” category for fiscal year 2016. The 2018 list designated 18 municipalities across the state as either Significantly or Moderately stressed. A further 17 municipalities were listed as being “Susceptible to Fiscal Stress.”
“Strict budgeting, careful cost-benefit analysis and responsible long-term planning have been the cornerstones of my administration’s policies. And while we have made significant progress, we still have a long way to go until we reach full financial strength. I will continue to make the decisions necessary to keep Rockland County on a strong fiscal track,” County Executive Day said.