Broome County Under Significant Fiscal Stress
New York State Comptroller Thomas DiNapoli says Broome County is one of eight in New York State listed by the state comptroller as under significant fiscal stress in 2015. The City of Binghamton, however has been showing improvement over the past two years.
Broome County has gone from moderate fiscal stress in 2013 to significant stress in 2015.
Binghamton Mayor Richard David says the City’s improvement from 28.8% in 2013 to 17.5% in 2015 can be credited on sound fiscal management, optimistic economic conditions and the City’s Finance Department staff for working to improve conditions.
DiNapoli says the reports show it’s hard for localities to recover from years of financial problems.