Dutchess County scores well in state comptroller’s fiscal stress test

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POUGHKEEPSIE – Dutchess County Government has been rated in the latest state comptroller’s fiscal stress test as having a “no designation” classification.
The higher the score, the greater the degree of fiscal stress. A score of 44.9 percent or less indicts a fiscally healthy local government and is not given a fiscal stress designation.
Dutchess County scored a 22.1 percent on the comptroller’s scale,
which is a significant improvement from the 2012/13 score of 41.3 percent.
County Executive Marcus Molinaro said it has been his administration’s priority to focus on and reassert the county’s economic and fiscal health.        
“We have done significantly well in improving our fiscal condition, a bond rating upgrade. We closed $40 million budget gap. We provided the largest tax levy reduction in 14 years and all of this means that Dutchess County taxpayers getting more efficient delivery of county services,” he said.
Molinaro said over the past three years – 2012, 2013 and 2014 – the county had a deficit in only one year, 2012, with a surplus in 2013 of $4.5 million and in 2014 of $21.6 million for all funds combined.