Thomas DiNapoli, NY State Comptroller, Warns Of Weakening Financial Systems In Local Governments

State Comptroller Warns Of Seriously Weakened Financial Systems Throughout New York

Local governments across New York State are collecting less in taxes, burning through their cash reserves and running up deficits, according to a report released Wednesday by the state comptroller.

The report by the comptroller, Thomas P. DiNapoli, cast long-term doubt on the financial health of many municipalities in the state, which are faced with anemic revenues and fewer remaining ways to cut costs.

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