FOR RELEASE:

Statement By State Comptroller DiNapoli On S&P Analysis Of Fiscal Monitoring System

"Standard and Poor's review of my office's fiscal monitoring system reinforces the importance of identifying local governments and school districts that are moving towards, or are already in, financial stress.The S&P analysis emphasizes the role pro-active management can have in determining financial stability. This underscores the value my office has placed on alerting communities to impending fiscal problems sooner in order to help local governments get their finances back on track."