Four WNY school districts designated in "fiscal stress" by NYS Comptroller

Posted at 2:09 PM, Jan 25, 2020

NEW YORK (WKBW) — The New York State Comptroller's Office announced Thursday 33 school districts across the state have been designated in fiscal stress under NYS Comptroller Thomas DiNapoli’s Fiscal Stress Monitoring System (FSMS) for the school year ending in 2019.

Of the 33 school districts statewide, four of them are in Western New York.

Cheektowaga Central School District, Frewsburg Central School District, Pavillion Central School District and Clymer Central School District are designated "susceptible to fiscal stress."

“Some of New York’s school districts are in fiscal trouble. While there are a number of factors causing their fiscal stress, each district should address these problems today,” said DiNapoli. “My Fiscal Stress Monitoring System flags issues early so communities can correct them. My office will continue to provide financial planning tools, guidance and training to help schools in stress.”

The FSMS analyzes six financial indicators to create an overall stress score, the stress score then determines if the district is in “significant fiscal stress,” “moderate stress,” “susceptible to stress” or has no designation at all.

The FSMS is used to cover 674 school districts in 57 counties.

It excludes New York City schools and the “Big Four” City School Districts of Buffalo, Rochester, Syracuse and Yonkers.

View the breakdown of the fiscal stress designations for the 33 districts below:

  • Significant fiscal stress: four school districts
  • Moderate fiscal stress: five school districts
  • Susceptible to fiscal stress: 24 school districts (including four WNY districts)

You can view the full report here and view the list of districts in stress here.