The Fiscal Stress Monitoring System (FSMS) annually assesses fiscal stress in local governments and school districts. This is the fourth annual FSMS scoring of school districts, showing results for the four school years through 2015-16.
While total local sales tax collections in New York State grew by only 0.7 percent in 2016, the modest increase was largely due to a multiyear correction that inflated New York City's 2015 collections. After adjusting for this correction, total local growth was about $357 million over the prior year, or about 2.3 percent.
An overview of the different ways in which public water supplies are provided, regulated and funded in New York State. The report addresses specific concerns facing local governments including funding trends, capital planning practices and the emerging risk areas of contamination and security.
New York State requires school districts to report extensive data on their finances, student demographics and outcomes, teachers, school facilities, school climate and other factors. This report offers a regional perspective on some of this data. Looking at the results this way highlights geographic variation in these indicators.
In 2015, the State’s 109 active Industrial Development Agencies reported projects valued at $88.7 billion, with nearly $700 million in net annual tax exemptions and $11.4 billion in total debt outstanding, including conduit and other debt. They supported 4,484 projects that had created 224,734 jobs from their inception through 2015.
The system for providing fire protection services throughout New York State can be surprisingly complex. This report will provide an overview of the organization, administration, membership benefits, and common OSC audit findings for fire protection entities.
Federal aid is a critical component of local government revenues. Proposed changes to federal education policy, expanded military spending and the Executive Order declaring "sanctuary jurisdictions" ineligible for some federal grants could also affect New York's local governments. This report and the accompanying interactive data use information reported by local governments to help local officials and citizens understand how they could be affected by such changes.
For the first half of calendar year 2017, local sales tax collections were $8.0 billion, a 3.3 percent increase over the same period last year. This is a slight improvement over the last several half-year periods. Economic factors supporting these results include continued low unemployment and high consumer confidence. Sales taxes were also boosted by growth in collections from sales of motor fuels.
This report highlights the Finger Lakes region’s geography, demographics, municipalities, economy and labor markets, and includes a discussion about what the future may hold for the region.
The Fiscal Stress Monitoring System (FSMS) annually assesses fiscal stress in local governments and school districts. This report examines and summarizes notable trends in the fiscal scores of all 1,595 New York counties, cities, towns and villages regardless of their fiscal year end dates, for the period 2013 through 2016.
