Niskayuna Town Supervisor Joe Landry today announced that Niskayuna has the best achievable score in the State Comptroller’s Fiscal Stress Test. The fiscal stress monitoring system was created by State Comptroller Thomas P. DiNapoli as an early warning method for local governments and school districts to evaluate fiscal and financial responsibility.
“My colleagues on the Town Board and I have worked hard to protect vital services and improve infrastructure while staying under the tax cap,” said Supervisor Landry. “Our record is clear, from having the best bond rating in upstate New York to having the best achievable rating in the Comptroller’s Fiscal Stress Test, the Town is on strong fiscal ground.”
The fiscal stress monitoring system has two main components – financial indicators and environmental indicators. Financial indicators evaluate budgetary solvency, which uses information submitted by local governments and school districts. The environmental indicators consider demographic information, property values, employment statistics and other data, which provide insight about additional challenges confronting a community. Niskayuna received a 0% for a financial indicator for the years 2014, 2015 and 2016 (best achievable score), and received a 0% for the current environmental indicator (best achievable score).