DiNapoli: 59 School Districts In Fiscal Stress Including Utica
The Utica City School District is one of nine districts considered in "moderate fiscal stress."
Financial indicators used to determine fiscal stress include year-end fund balance, short-term borrowing and patterns of operating deficits
The report also found school districts in fiscal stress are more likely to have a high level of poverty and low graduation rates.
Local school districts listed as "susceptible to fiscal stress" include Herkimer, Brookfield, Sauquoit Valley and Adirondack.
"Fiscal stress in many school districts has declined, especially for those in the most severe condition," said DiNapoli. "School officials should be commended for working to keep their districts out of financial harm, but should be careful not to amass excessive levels of fund balance in order to do so."
It's the fourth year DiNapoli's office has assessed and scored the financial stability of school districts.