Town of Fishkill removed from “significant fiscal stress” list by state comptroller

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Share on print
Print

FISHKILL – In 2012, the Town of Fishkill had a $5 million deficit placing it in the “significant fiscal stress” category of the state comptroller’s office fiscal monitoring system. Fishkill had a fiscal stress score of 68.3 percent.
The following year, the town’s fiscal stress score was down to 27.5 percent and in 2014, it was down to 3.3 percent with the deficit eliminated.
Town Supervisor Robert LaColla is pleased that his administration has been able to close the financial gap.
“We had close to a $5 million deficit that has been eliminated. In addition we have reduced our debt in our borrowing,” LaColla said.  “We started at $30 million. We will be down to close to $20 million at the end of this year and we have restructured what is left of it so we are paying less in interest.”
The supervisor said the people’s tax dollars are now going more toward services and less toward debt service.