Utica School District Under Significant Fiscal Stress
87 school districts in New York State — including the Utica City School District — have been designated as fiscally stressed by State Comptroller Thomas DiNapoli.
Utica is considered under “significant fiscal stress.”
A fiscal stress score is determined by financial indicators that include year-end fund balance, cash position and patterns of operating deficits.
DiNapoli says the fiscal stress scores highlight the need for school district officials to manage their finances carefully with an eye towards long-range planning and how they can operate more efficiently.
For a link to the report, click here..