The Office of the New York State Comptroller’s (OSC) Fiscal Stress Monitoring System (FSMS) has been in operation for 10 years (2013 to 2022), alerting communities across New York State of the fiscal challenges their local governments are facing. This early warning system provides local officials and taxpayers with timely and objective information that they can then use to pursue corrective actions in an orderly, transparent, and comprehensive manner.
A report issued by OSC in September 2023, Fiscal Stress Monitoring System – Municipalities: Fiscal Year 2022 Results, highlights the results for counties, cities, towns and villages that reported for fiscal year 2022. Included in the report is an analysis of the 10 years of data collected since the launch of FSMS, focusing on what has been learned over the past decade.
Below is an interactive map showing the percentage of municipalities that received a fiscal stress designation from fiscal years 2013 to 2022. Clicking the “Non-Filing Municipalities” tab above the map will display the percentage of municipalities that did not file in time to receive a fiscal stress score. Lastly, clicking a county on the map will display the filing status, fiscal stress designation and scores for all municipalities within the county over the past decade.
For more detailed information on how FSMS works, including the measures used to determine fiscal stress scores, see OSC’s Fiscal Stress Monitoring System Manual.