Local Government Fiscal Stress Monitoring System
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A Local Government Fiscal Stress Monitoring System for fiscal stress monitoring system for local governments.
- Example(s):
- Counter-Example(s):
- See: Fiscally Stressed Government.
References
2016
- http://www.governing.com/topics/finance/gov-states-municipalities-financial-monitoring.html
- QUOTE: When New York state released the latest scores for its fiscal stress monitoring system this fall, a few local governments received a bit of unwanted news. Two cities (including Albany), four counties and two small towns were deemed to be under “significant fiscal stress” -- the system’s most severe designation. …
… Fiscal monitoring systems take vastly different forms. Some are part of annual budget approval processes, as in Nevada, where all local governments submit tentative budgets to the Department of Taxation to check for technical errors and compliance with state statutes. Nevada is one of eight states with laws formalizing monitoring systems and processes for determining fiscal stress, according to the Pew report. …
- QUOTE: When New York state released the latest scores for its fiscal stress monitoring system this fall, a few local governments received a bit of unwanted news. Two cities (including Albany), four counties and two small towns were deemed to be under “significant fiscal stress” -- the system’s most severe designation. …