Comptroller DiNapoli releases list of 400 'fiscally stressed' municipalities

Nearly 400 cities, towns and villages have been identified by Comptroller Thomas DiNapoli as "fiscally stressed," and are, therefore, automatically eligible to apply for assistance from the new state Fiscal Restructuring Board. The board will offer each struggling locality a blueprint for recovery and up to $5 million in state loans or grants if municipal leaders agree to implement the board’s plan.

Gov. Andrew Cuomo pushed for the creation of the panel earlier this year after municipal officials became more vocal about their fiscal challenges. The board consists of members from the Legislature, Comptroller’s office, and the Attorney General’s office and was given $80 million to fulfill its mission.

For the full list of municipalities identified as "fiscally stressed," click here.