New York State Comptroller Thomas DiNapoli’s Fiscal Stress Monitoring System found Marathon Central Schools as susceptible to fiscal stress for the school year ending on June 30th, 2022.
The fiscal stress monitoring system is built to identify possible issues a school district, county, city, town and village may face with budgetary solvency, or an ability to generate enough revenues to meet their expenses.
A school district is given a fiscal stress score based on several factors including year-end balance, operating deficits and surpluses, cash position, and reliance on short-term debt for cash-flow. A higher score indicates the more severe level of stress that district is experiencing.
For Marathon, the district was listed as susceptible to fiscal stress with total points of 25 or greater, the district scored a 26.7.