posted on January 17, 2013 13:27
New York State Comptroller Tom DiNapoli is hoping to give financially stressed communities time to turn things around.
His office will soon put in place a new fiscal monitoring system that will calculate and publicize an overall score of fiscal stress for municipalities and school districts across the state.
DiNapoli says the "early warning" system will identify those headed toward fiscal crisis and give local officials sufficient time to consider options.
The move comes after a new DiNapoli report finds local governments across the state are increasingly turning to local tax revenue to make up for sluggish growth in federal and state aid.