BINGHAMTON, N.Y. — Broome County has received a perfect fiscal score from the state on its Fiscal Stress Monitoring Report from the comptroller’s office, Broome County Executive Jason Garnar announced.
The county received a score of 0.0 for the 2022 fiscal year. Scores are out of 100 and a lower score indicates a better fiscal outlook for a municipality.
“I’m extremely proud of the work we’ve done that has earned us this first perfect fiscal score in the history of the county,” Garnar said in a press release. “Working with Chairman Dan Reynolds and the entire legislature, we continue to craft responsible budgets that cut taxes, controls pending, and limit our short-term borrowing. Broome County taxpayers deserve to know their tax dollars are being used wisely, and this score from the comptroller’s office proves that’s what we’re doing.”
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The county’s scored resulted in a “no designation” of fiscal stress from the comptroller’s office. There are four possible designations — significant, moderate, susceptible to, or no designation. DiNapoli’s office evaluates local governments on financial indicators including year-end fund balance, cash on hand, short-term borrowing, fixed costs, and patterns of operating deficits to create fiscal stress scores for each municipality in the state.
