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Cortland, DeRuyter And Marathon On comptroller’s “Stressed School” List

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Three local school districts are among 26 designated as fiscally stressed by New York State Comptroller Thomas P. DiNapoli.

The list released Thursday morning shows a decrease from 59 districts that were listed in stress last year.

The Cortland District has the third-highest score (58.3%) and ranked among the moderate stress districts.

The DeRuyter and Marathon Districts are rated susceptible to fiscal stress.

This is the fifth year of DiNapoli’s assessment. Using financial indicators that include year-end fund balance, cash position, short-term borrowing and patterns of operating deficits, DiNapoli’s monitoring system creates an overall fiscal stress score which drives the classification.

For a list of school districts designated in fiscal stress, visit: http://www.osc.state.ny.us/localgov/fiscalmonitoring/schools/stresslist.htm

To search the complete list of school district fiscal stress scores, visit: http://wwe1.osc.state.ny.us/localgov/fiscalmonitoring/fsms.cfm

For a copy of the fiscal stress report, visit: http://www.osc.state.ny.us/localgov/fiscalmonitoring/pdf/common-themes-for-school-year-2016-17.pdf

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