Harrisville among over a dozen New York schools under some sort of fiscal stress, report suggests

ALBANY, NY- Over a dozen schools statewide are under some sort of fiscal stress, according to the latest reports from New York’s Comptroller, Thomas P. DiNapoli.

Harrisville Central School is a local district included with this report. The findings suggest that Harrisville is under “moderate” fiscal stress, although did not explain or iterate as to why.

School districts are given a fiscal stress score based on several factors: year-end fund balance, operating deficits and surpluses, cash position, and reliance on short-term debt for cash-flow. The higher the score the more severe the level of stress.

We plan on reaching out to the school district for comment.

DiNapoli's Fiscal Stress Monitoring System was designed to identify issues that school districts, counties, cities, towns and villages are having with budgetary solvency, or the ability to generate enough revenues to meet expenses.

The Comptroller releases fiscal stress scores for the various categories of government three times a year.

Image via Harrisville CSD.