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New York State Comptroller Thomas P. DiNapoli Thursday announced support from officials from across the state for his new Fiscal Stress Monitoring System. Last Tuesday, DiNapoli announced fiscal stress scores for more than 1,000 local communities, based on 23 fiscal and environmental indicators. Two dozen communities, including eight counties, three cities and 13 towns, were designated as fiscally stressed under his system.

“Local communities are facing a new fiscal reality that is forcing some to walk a fine line to stay in the black,” DiNapoli said. “By presenting a realistic picture of the economic and budgetary challenges facing our local communities, corrective actions on the local or state level can be taken to avoid a fiscal crisis. My system also provides the public an objective analysis they can use to participate in local financial decision-making.

“Since we announced fiscal stress scores, we have received positive feedback from officials and the public. I hope this early warning system generates important discussions about long-term planning, effective use of resources and much more.”

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