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Fourteen local governments in New York State are fiscally stressed, including Poughkeepsie. YNN's Jessica Chen has more the report released by Comptroller Thomas DiNapoli's report, and its impact on Dutchess County.
POUGHKEEPSIE, N.Y. -- According to a study released by the New York State Comptroller's office, Poughkeepsie is the most fiscally stressed city in the state.
"This monitoring system is meant to be a warning," said State Comptroller Thomas DiNapoli.
According to DiNapoli, they evaluated the counties, towns and cities based on several financial and environmental factors. Those factors include cash on hand, tax growth and population trends.
Poughkeepsie Mayor John Tkazyik said he is aware his city falls in the significantly fiscally stressed list.
"I think the city is making it’s all out effort in order to take and deal with the problem head on and aggressively as it can," said Tkazyik.
He said he's already tackling several projects to improve their financial situation. Replacing water meters, selling city owned properties, and potentially installing parking meters permanently downtown are just some of those projects.
"In the central business district and along the waterfront area, that is estimated to be about $1.4 million in revenue to the city," said Tkazyik.
This type of planning is the goal of releasing the report. It is all part of the effort to encourage better planning for local governments.
"What we want to be sure is that we don't have any municipalities in our state get to the point of full financial collapse," said DiNapoli.