KINGSTON – Ulster County’s fiscal stress score is 3.3 out of 100 and signifies that the county has the ability to handle economic fluctuations, according to the latest report from the State Comptroller’s Office.
“Thanks to the record of sound financial management in Ulster County, we are able to continue providing residents with the services they need while being confident in our long-term financial stability,” said Acting County Executive Johanna Contreras.
For the purposes of the Fiscal Stress Monitoring System, the comptroller has defined “fiscal stress” as the inability of an entity to generate enough revenues within the current fiscal period to meet its expenditures. Essentially the System assesses each entity’s budgetary solvency. The System places entities into one of four categories:
- Significant Fiscal Stress – the most fiscally stressed
- Moderate Fiscal Stress – fiscally stressed
- Susceptible to Fiscal Stress – exhibiting fiscal stress conditions
- No Designation – these entities do not meet the established point thresholds of the Fiscal Stress Monitoring System for classification in one of the stress categories
Since 2013, Ulster County has been designated with no fiscal stress.
