These Are Most Financially Stressed Municipalities In Putnam, Dutchess Counties

Some Hudson Valley municipalities are among the most financially stressed in the state, according to a new report.

State Comptroller Thomas P. DiNapoli released a new report of the most financially stressed municipalities in the state.
Photo Credit: *State Comptroller Thomas P. DiNapoli's Office*

10/08/2019 10:00 a.m.

New York State Comptroller Thomas DiNapoli released a report highlighting the communities and school districts that are financially stressed, including some in Putnam and Dutchess County.

DiNapoli said that he “created an early warning system for communities and school districts with fiscal problems. Alerting everyone to potential problems gives local officials and taxpayers the opportunity to be more proactive.”

The system analyzed financial indicators, which “measure key drivers of fiscal stress in local government financial operations,” and environmental indicators, which “provide insight about economic and demographic forces confronting communities— that are beyond the immediate control of local officials but might influence revenue-raising capability and the demand for certain types of services.”

In Dutchess County, the City of Poughkeepsie is under "significant" financial stress, though no other municipality received a designation. In Putnam, no municipality received any designations for its financial stress.

Statewide, 11 municipalities are under "significant" financial stress. Seventeen are "susceptible" to financial stress and six are under "moderate" financial stress. The complete list can be found here.

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