The city of Binghamton may be making progress in improving its financial situation but state Comptroller Thomas DiNapoli says the city continues to face "real challenges."

DiNapoli visited Binghamton Thursday to release a fiscal profile of the city prepared by his office.

Speaking on WNBF Radio's Binghamton Now program, the comptroller said there is a "brightening outlook" for the city's finances.

DiNapoli credited Mayor Matthew Ryan for managing the city "under difficult circumstances."

The comptroller pointed to the city's "healthier fund balance" compared to the amount that existed when Ryan took office.

DiNapoli noted factors like high poverty and unemployment rates will continue to pose challenges for Binghamton officials to keep the city's financial house in order in the years ahead.

DiNapoli said his office is increasingly focused on the fiscal stress facing local governments and school districts across the state.