This report provides a summary analysis of the financial state of the local governments outside of New York City for local fiscal years ending in 2023. In FYE 2023, local governments and school districts were generally able to maintain fund balance levels and cash on hand due to pandemic-related federal funding and large increases in state aid, while lower inflation compared to FYE 2022 tempered growth in expenditures on equipment and materials. | NYS Local Government Interactive Data

This report examines the ways that funding received by local governments – from federal stimulus programs – as well as volatile annual state and local revenue sources – can impact local budgeting. The temporary nature of the federal stimulus funds in combination with state aid that has not kept pace with inflation, sales tax growth that has returned to lower pre-pandemic levels, and flat property tax revenue growth can put local governments closer to the edge of the fiscal cliff if not carefully managed.

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.

This snapshot highlights the results for counties, cities, towns and villages that reported for local fiscal years ending (FYE) in 2023. Overall, the number of local governments designated in fiscal stress remained at historic lows in FYE 2023. Included in this report is an analysis of environmental stress indicators, including population decline and reliance on State and federal aid. | Fiscal Stress Monitoring System Statistics

This report focuses on the condition of local bridges using data from the Federal Highway Administration’s National Bridge Inventory. New York has made progress in recent years. Since 2017, the share of local bridges in poor condition has fallen from 12.1 percent to 10.0 percent. The federal Infrastructure Investment and Jobs Act (IIJA) has directed federal funds to a variety of infrastructure projects, including bridge projects. The IIJA created the Bridge Formula Program, which provides $2.0 billion in federal funding for New York bridges from federal fiscal years 2022-2026.

This snapshot highlights the Fiscal Stress Monitoring System (FSMS) results for school districts that reported for school fiscal year (SY) 2022-23, which ended on June 30, 2023. Increases to federal pandemic relief aid and the State fully funding foundation aid kept many districts out of a stress designation. For SY 2022-23, sixteen school districts were designated as being in stress—the second-lowest number since the system was created. The report also includes a look at districts that have been chronically stressed over the eleven years since FSMS began.

This report provides a summary analysis of the financial state of the local governments outside of New York City for local fiscal years ending in 2022. In FYE 2022, local governments had a more stable environment, both financially and operationally, compared to the first two years of the COVID-19 pandemic. Still, some new challenges presented themselves, such as a sharp rise in inflation. | NYS Local Government Interactive Data.

This snapshot highlights the results for counties, cities, towns and villages that reported for local fiscal years ending (FYE) in 2022. Overall, the influx of federal pandemic relief aid, as well as robust sales tax revenues, were significant factors in lowering many municipalities’ fiscal stress scores in FYE 2022, especially for non-calendar year entities. Included in the report is an analysis of the 10 years of data collected since the launch of the system, focusing on what has been learned over the past decade.

This snapshot highlights the FSMS results for school districts that reported for school fiscal year (SY) 2021-22, which ended on June 30, 2022. Fewer school districts were scored in fiscal stress in this year than any other year since the System’s inception largely due to increases in State aid and temporary federal aid.

This report provides a summary analysis of the financial state of the local governments outside of New York City for local fiscal years ending in 2021. Year two of the COVID-19 pandemic continued to present local officials with financial and operational challenges. In this report, we summarize these by class of local government. | NYS Local Government Interactive Data