ALBANY – Seven Hudson Valley villages have been rated by the state comptroller’s office as having some level of fiscal stress. They are among 18 villages identified across the state.
Pomona, at the southern end of the region, was listed as having significant stress with the highest fiscal stress score in the state a 78.8 percent. Tannersville, in the northern part of the Valley, was also listed with significant stress with a score of 65.8 percent.
Villages total points greater than or equal to 65 percent are listed as having significant fiscal stress.
Five other villages have been rated as susceptible to fiscal stress. Any village with greater than or equal to 45 percent of total points is considered to be susceptible to that condition.
Among them are New Square, Tuxedo Park and Wurtsboro, all with a fiscal
score of 50.8 percent, Catskill with a score of 47.5 percent and Walden
with a fiscal score of 46.3 percent.
The good news, said State Comptroller Thomas DiNapoli, is that the number of villages in fiscal stress statewide has decreased and remains low across much of the state.
A total of 538 villages statewide were evaluated, most having a fiscal year ending on May 31.