Local Government Publications

Search Audits for reports on municipalities and school districts dating back to 2014.

Research Reports > Budgeting, Fiscal Stress, Revenues/Cash Management

February 2015 –

The number of school districts overriding the tax cap has declined each year. In general, school districts’ decisions to override the tax cap were based, at least in part, on necessity. When examining the relationship between fiscal stress and tax cap overrides, we found that fiscally stressed school districts were nearly three times more likely to override the tax cap when compared to school districts that were not designated as stressed. [2013-2015 Tax Cap Data - Excel]

Research Reports > Sales Tax

February 2015 –

Local sales tax growth was slower in 2014 than in any year since the 2008-2009 recession, in part due to slow growth in the first quarter of the year. Long Island collections declined, some upstate counties had strong growth due to increased sales tax rates, and New York City's growth was relatively strong. | [read county-by-county data - pdf]

Research Reports > Fiscal Stress

January 2015 –

The districts experiencing fiscal stress are spread across the State. One indicator in particular—the operating deficit—saw substantial changes in the FSMS points assigned compared to the previous year: 19 percent received a higher FSMS score on this indicator, while 28 percent scored lower. Changes in scores for this indicator contributed to changes in districts’ overall levels of fiscal stress.

Annual Reports > Fiscal Stress, Revenues/Cash Management, Sales Tax

January 2015 –

This report provides you with a summary of trends in local government revenues and spending. It also offers the opportunity to reflect upon major local policy developments that occurred in 2014, as well as to highlight the important work that we have done and will continue to do here at the Office of the State Comptroller (OSC).

Research Reports > Fiscal Stress

September 2014 –

Overall, 35 entities were classified as being in some level of stress, with 10 designated as being in significant fiscal stress, 8 in moderate fiscal stress and 17 susceptible to fiscal stress.

Research Reports > Debt, General Oversight, Reporting

September 2014 –

This follow-up report expands the analysis of the previous report; updating annual local government financial data and contrasting that to the associated local financial infrastructure needs in the most recent New York State studies. It also draws upon a new series of interviews with local officials to assess how they are working to provide the best infrastructure possible to their residents.

Local Government Management Guides > General Oversight, Reporting

August 2014 –

To keep public funds safe, officials and cash managers need to understand the requirements they must comply with and the investment limitations and safeguards required of local government investments and deposits. This guide includes the following sections about the fundamentals of investing and protecting local government funds in New York State: • Prudence in Investments • Actively Monitor Cash Flow • Investment of Public Funds • Protection of Deposits and Investments • Investment Policy • Other Topics

Research Reports > Debt, Fiscal Stress

July 2014 –

Like many other cities, Glens Falls has struggled in recent years to maintain services, avoid large tax increases and balance budgets. The City’s high debt service costs for infrastructure expenditures as well as its subsidization of the Civic Center continue to be a burden. By 2012, Glens Falls had drawn down its available general fund balance to $0.6 million, or 3.7 of percent of expenditures.

Local Government Management Guides > Ethics, Purchasing

July 2014 –

This guide provides an overview of the following procurement topics: • Who is Responsible ? • Planning and Promotion • Seeking Competition • E-Procurement • Cooperative Purchasing • Piggybacking on Certain Government Contracts • Procurement Policies and Procedures • Professional Services • Preferred Sources • Environmentally Responsible Purchasing • Ethics and Conflicts of Interest.

Research Reports > Sales Tax

July 2014 –

Although total local sales tax collections have grown each quarter since the end of the 2008-2009 recession, the rate of this growth has shown a downward overall trend. [read county-by-city data - pdf]

Research Reports > Debt, Fiscal Stress

June 2014 –

Albany had no available general fund balance between 2002 and 2006. Subsequently, the City’s available balance grew to a high of $19.8 million in 2008 before declining in the wake of the 2007-09 recession. Standard and Poor’s Rating Services rates the City of Albany’s general obligation debt at AA-, at the low end of its second-highest rating category. The City has formally applied to the Governor’s Financial Restructuring Board for Local Governments for assistance and has been accepted by the Board.

Research Reports > Debt, Fiscal Stress

May 2014 –

Between 2007 and 2012, the City’s available fund balance increased by 82 percent, from $3.8 million to $7.0 million in 2012. In 2012, Moody’s warned that rising employee benefit costs could put upward pressure on expenditures. Also, the State cap on growth in the property tax levy could affect the City’s ability to continue to balance its budget by increasing the property tax.

Annual Reports > Debt, Reporting

May 2014 –

Often, the required reports that industrial development agencies (IDAs) submit to OSC and other agencies are incomplete and inconsistent. Recent audits by OSC have found a lack of documented cost-benefit analysis, lack of recapture clauses in many project agreements and insufficient tracking of projects and their incentives.

Research Reports > Debt, Fiscal Stress

May 2014 –

The City of Plattsburgh has strong financial operations marked by operating surpluses in 2010 and 2011, modestly sized but growing and diverse tax base and healthy reserve levels. However, Plattsburgh’s high proportion of tax-exempt properties, weak socioeconomic measures due to a large student population and high debt burden are possible threats to the City’s financial condition.

Accounting Notices and Bulletins > General Oversight, Reporting

April 2014 –

The purpose of this bulletin is to provide guidance related to the accounting for Medicaid reimbursements paid by the Department of Health (DOH) and the resulting State Aid Deduction for those Medicaid reimbursements based upon a change in the Medicaid reimbursement methodology.

Accounting Notices and Bulletins > Revenues/Cash Management

March 2014 –

An accounting code has been established in the Comptroller’s Uniform System of Accounts for recording revenues relating to reorganization and efficiency grants.

Research Reports > Sales Tax

February 2014 –

Sales tax is a major revenue source for New York City and the 57 counties. The strongest growth for 2013 was in the Long Island region Some of the rapid sales tax growth seen there and in New York City was due to the rebuilding efforts after Hurricane Sandy.

Annual Reports > Fiscal Stress, Revenues/Cash Management, Sales Tax

February 2014 –

This 2013 Annual Report on Local Governments highlights the difficult fiscal environment under which local officials are expected to fulfill their obligations to the people they serve, and outlines the steps OSC is taking to assist in these efforts.

Research Reports > Fiscal Stress

February 2014 –

This report summarizes findings from the Fiscal Stress Monitoring System using 2013 data for villages with fiscal years ending in February through May. Statewide, 3 percent of villages are experiencing fiscal stress. Downstate villages are more likely than upstate villages to experience fiscal stress. The report notes that some of the environmental factors thought to drive fiscal stress differ between downstate and upstate villages.

Research Reports > Fiscal Stress

January 2014 –

This report summarizes findings from the first set of fiscal stress scores to be released for school districts. Statewide, 12.9 percent of school districts are in some level of fiscal stress. Within the report, common fiscal and environmental factors are highlighted along with differences for school districts of varying need/resource capacity.