Franklin County’s Fiscal Health Is Improving

Franklin County’s fiscal health is improving. Karen Johnson has more details.

New York State Comptroller Thomas DiNapoli reported the 2016 scoring for New York municipalities under the state’s Fiscal Stress Monitoring System, which tracks a variety of factors for the budgets of counties, cities and villages, towns and school districts. Franklin County received a score as “moderately fiscally stressed” for 2016, an improvement over the previous grade of “significantly fiscally stressed” the county had received each year between 2012 and 2015. County Manager Donna Kissane says naturally, we are pleased that we moved from significantly stressed to moderately stressed as we recognize the team approach to a budgeting strategy we are presently implementing. The scores are arrived at by calculating several factors that affect a municipality’s financial health. The state measures year-end fund balances, operating deficits or surpluses, the municipality’s cash position and its use of short-term debt for normal cash flow and fixed costs, among other factors. I’m Karen Johnson