26 school districts have been designated as fiscally stressed under New York State Comptroller Thomas DiNapoli’s Fiscal Stress Monitoring System. Although the same numbers of districts were designated in fiscal stress last year, many of the entities in this year’s list have changed. The Norwich City School District in Chenango County has been listed as being in significant financial stress and the report shows the Binghamton City District is susceptible to financial stress. 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.
