ALBANY, N.Y. -- State Comptroller Tom DiNapoli has released a report showing the Watervliet City School District is the poorest in the state.
The report evaluated, for the first time, the fiscal stress of 674 out of the almost 700 public school districts in the state --with Watervliet faring the worst.
The fiscal stress scores are based on financial information submitted by each district. A total of 87 districts, or 13 percent, are considered fiscally strained according to DiNapoli's report. With reductions in state aid, a cap on local revenue and decreased rainy day funds, Watervliet's Superintendent Dr. Lori Caplan says she's not surprised by the report and she's trying her best to find money.
"We've touched everything. Our custodians, we've touched our athletics, every extracurricular activity from kindergarten through twelfth grade has been cut. We have already begun the process of balancing our budget with the attempt at building back our fund balance," said Caplan.
To date, 12 school districts have been classified as "significant fiscal stress." For the complete list of school district fiscal stress scores, click here.
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