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NYS Comptroller

THOMAS P. DiNAPOLI

Audits of Local Governments and School Districts


City of Newburgh – Budget Review (B17-6-18)


Released: November 14, 2017 -- [read complete report - pdf]

Purpose of Budget Review

The purpose of our budget review was to determine whether the significant revenue and expenditure projections in the City’s proposed budget for the 2018 fiscal year are reasonable.

Background

The City of Newburgh, located in Orange County, is authorized to issue debt not to exceed $15 million to liquidate the accumulated deficit in the general fund as of December 31, 2010. New York State Local Finance Law requires all municipalities that have been authorized to issue obligations to fund operating deficits to submit their proposed budgets for the next fiscal year to the State Comptroller for review while the deficit obligations are outstanding.

Key Findings

  • The significant revenue and expenditure projections in the proposed budget are reasonable.
  • The City faces potential increased salary costs when one of its expired collective bargaining agreements is settled.
  • The City continues to budget minimal amounts for contingencies, which provides limited flexibility to address revenue shortfalls or unforeseen expenditures.
  • The City’s proposed budget complies with the tax levy limit.

Key Recommendations

  • City officials should consider the potential financial impact of the settlement of collective bargaining agreements.
  • Review the adequacy of contingency appropriations.

Local Government and School Accountability Contact Information:

Phone: (518) 474-4037; Email: localgov@osc.state.ny.us
Address: Office of the State Comptroller, Division of Local Government and School Accountability
110 State Street, 12th Floor; Albany, NY 12236