Some Local School Districts Are Feeling the Financial Stress
Norwich City Schools and Schenevus Central School district are on the New York State Comptroller’s list of schools under significant fiscal stress under numbers for the fiscal years ending in 2018.
Bob Joseph/WNBF News [file][/caption]The Binghamton City Schools, Oxford Academy and Central Schools, Marathon and Cortland City Schools are listed as susceptible to fiscal stress.
The ratings are based on a number of factors including fund balance, deficits/surpluses and use of short-term debt.
Residents can find out more about the schools listed and stress factors at State Comptroller Thomas DiNapoli’s website: https://www.osc.state.ny.us/localgov/fiscalmonitoring/schools/pdf/2018/stress-list.pdf.