ALBANY, NY -- New Rochelle avoided being classified as "fiscally stressed" by simply ignoring the deadline set by New York State.
Two dozen communities in New York have been designated as fiscally stressed under State Comptroller Thomas P. DiNapoli’s new Fiscal Stress Monitoring System. The list includes eight counties, three cities and 13 towns.
The initial fiscal stress list was based on financial information provided to DiNapoli’s office by local communities as of May 31, 2013 and includes only municipalities with fiscal years ending on Dec. 31, 2012. In New York, all counties and towns, 44 cities and 10 villages have a Dec. 31 fiscal year end – a total of 1,043 communities.
There are also 124 local entities that have been designated as “have not filed,” meaning they have yet to submit necessary financial information due to the Comptroller’s office.
New Rochelle is on the “have not filed” list.
Read the entire announcement here.
List of Non-Filers here.