News & Media - Ulster Gets High Marks for Low Stress - Again, County Comptroller Applies State’s Fiscal Stress Test to County Operations

ULSTER GETS HIGH MARKS FOR LOW STRESS - AGAIN
             County Comptroller Applies State’s Fiscal Stress Test to County Operations

Kingston, NY (August 6, 2015) – Ulster County Comptroller Elliott Auerbach has released a Quarterly Report for 2015 which subjects Ulster to a State-designed test measuring the level of fiscal stress a municipality is under. Auerbach's office was among the first in the state to utilize the test as a predictive tool when the Office of the State Comptroller (OSC) released it in the fall of 2012.

"Comptroller DiNapoli has provided local government with a tool not only for municipalities in acute distress, but for those, like Ulster, who are performing well," Auerbach said. "We think it's wise to take advantage of this monitoring system and keep taxpayers informed," he continued.

The report concludes that under the scrutiny of the OSC testing standards, Ulster's fiscal position continues to be strong, and reflects sound financial management by the administration.

Within that healthy range of results, Auerbach's audit team also identifies unique factors and trends worthy of attention in ensuring continued success. According to Deputy Comptroller Joe Eriole, "the highest value of the test is to allow management to be ahead of the curve in avoiding fiscal stress. We trust our report will become just one more weapon in the Hein Administration's continued safeguarding of the County's financial resources."

 

The report, entitled "Ulster County Fiscal Stress Assessment", can be found at the Comptroller's website, youreyesonulster.com, in the report section, under “Quarterly Reports.”

PDF