The NYS Comptroller’s Office is now conducting fiscal stress tests for Counties, cities, and towns.
The System’s financial indicators are based on nine different calculations in the following five categories: Year End Fund Balance, Operating Deficits, Cash Position, Use of Short-term Debt and Fixed Costs.
The lower the score the better.
Fiscal stress scores of
65% and more = Significant stress
55% and more = Moderate stress
45% and more = Susceptible to stress
Hartford scored a very impressive low score of 3.3%
By copying or clicking on the link below, you will find the Comptroller’s fiscal stress score for Hartford (page eight) and other municipalities in the state for the year ending 2012.