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District Receives Positive Fiscal Stress Score for 4th Straight Year


(Feb. 8, 2017) For the fourth straight year, the Ichabod Crane Central School District received a fiscal stress score of "no designation," indicating a low level of fiscal stress, through the Office of the State Comptroller's Fiscal Stress Monitoring System. The system identifies local governments and school districts that are in fiscal stress, as well as those showing susceptibility to fiscal stress using four categories "No Designation," "Susceptible to Fiscal Stress," "Moderate Fiscal Stress," and "Significant Fiscal Stress."

DiNapoli’s office evaluated 671 school districts with fiscal years ending June 30, 2016. As mentioned, Ichabod Crane is classified as “no designation,” having earned a fiscal stress score of 16.7 percent out of 100 percent. School districts receiving less than 45% of the total financial indicator points and those with less than 30% of the total environmental indicator points will receive this classification, indicating a low level of fiscal stress.

“We are pleased that the Comptroller’s fiscal monitoring report of Ichabod Crane's finances once again confirms the district's continued commitment to using its resources efficiently," said Business Manager Michael Brennan.

Link to OSC press release and related report links