Kingston rated with no fiscal stress, state comptroller says

Kingston City Hall

KINGSTON – The City of Kingston has received a rating of “no designation” for 2019 from the State Comptroller’s Office.

The just-released report gives the city a score of five percent out of a scale of zero to 100 with the lower the score the better. In 2017 and 2018, the city’s score was 6.7 percent compared to 19.2 percent in 2016.

“Our excellent fiscal condition in 2019 has helped us weather the pandemic with all of its economic challenges,” said Mayor Steven Noble. “Had we not been in such strong fiscal standing, we would have had to brace for a much more difficult recovery.

He said while Kingston has “a long road ahead,” he has no doubt that the city will be able to make “a full economic recovery.”

The recent financial uncertainty and challenges will be reflected in reports in 2021 and beyond.

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