DiNapoli Releases Financial Stress Report, Local Schools on List
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New York State Comptroller Thomas DiNapoli’s office released its latest fiscal stress report for local governments and school districts. In Otsego County the Unatego and Richfield Springs school districts were listed as susceptible to stress based on a score calculated by considering nine factors including general fund balance, cash on hand and patterns of operating deficits. The Schenevus School District was listed as moderately stressed while the rest of the county’s government and school districts had no designation or information was not filed.