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Zero fiscal stress for Schenectady

September 25, 2015
Zero fiscal stress for Schenectady

ALBANY — State Comptroller Thomas DiNapoli issued updated fiscal stress scores this week, and Schenectady’s score is as low as it can get — 0 percent.

The score improved from 15.8 percent in 2014 and 25.4 percent in 2013.

Schenectady is one of three cities in the state at 0 percent fiscal stress and the only city in the Capital Region, according to the comptroller’s updated scores. Batavia in Genesee County and the Westchester County city of Rye also scored at 0 percent.

Scores are evaluated using financial indicators — yearend fund balances, operating deficits and surpluses, cash position, use of short-term debt for cash flow and fi xed costs — as well as environmental indicators such as population, age, poverty, property values, employment and sales tax revenue, according to the Comptroller’s Office.

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