Yonkers was listed as being in moderate fiscal stress in the latest report from New York State Comptroller Thomas P. Di Napoli.

“Local officials are encouraged to continue to be mindful about how budget practices today impact budgetary solvency in the future. This system is designed to help keep local officials and the public informed on the financial and demographic drivers of fiscal stress.”, said Comptroller Thomas P. Di Napoli

The Comptroller evaluated 526 villages and 17 cities that have a non-calendar fiscal year, which generally ends on May 31st.

The system, which has been in place since 2012, assesses levels of fiscal stress in local governments using financial indicators including year-end fund balance, cash position, short-term cash-flow borrowing and patterns of operating deficits. DiNapoli’s monitoring system generates an overall fiscal stress score which ultimately drives final classifications.

The city of Yonkers (Westchester) was listed in “moderate fiscal stress.”

For a full list of villages and cities in fiscal stress, visit: 
https://www.osc.state.ny.us/localgov/fiscalmonitoring/lists.htm

To search the complete list of fiscal stress scores, visit:
https://www.osc.state.ny.us/localgov/fiscalmonitoring/localgovernments/excel/2017/All-Data-Workbook.xls

The Fiscal Stress Monitoring System Search Tool could be found here: 
http://wwe1.osc.state.ny.us/localgov/fiscalmonitoring/fsms.cfm

For access to state and local government spending, public authority financial data and information on over 160,000 state contracts, visit Open Book New York. The easy-to-use website was created to promote transparency in government and provide taxpayers with better access to financial data.