Fiscal Stress Monitoring System: School District Results for 2023-24

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FSMS, New York, Schools, 2024, Office of the State Comptroller
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This report highlights Fiscal Stress Monitoring System (FSMS) results for school districts that reported for school fiscal year (SY) 2023-24, which ended on June 30, 2024. Of the 670 districts scored, 22, or 3.3 percent, received a fiscal stress designation. This is six more than in SY 2022-23. The report also includes a look at districts that have experienced chronic fiscal stress over the twelve years since FSMS began and a brief analysis of the system’s companion set of environmental indicators. The environmental indicators show an increase in districts experiencing high teacher turnover and a decrease in those with a declining property tax base.