ROSLYN AGAIN EARNS HIGH MARKS FOR LOW FISCAL STRESS
FEB 6, 2018 - Once again, the Roslyn School District's fiscal health has been given a of confidence by the Office of the New York State Comptroller (OSC). According to a report just released by the OSC, Roslyn continues to have no designation of fiscal stress whatsoever, and in fact has the lowest possible indicator of fiscal stress among the state's school districts.
The report is the fifth annual scoring of school districts by the Fiscal Stress Monitoring System (FSMS), which was created by the OSC to assess fiscal stress in local governments and school districts. Any score below 25 percent is considered "no designation", meaning the district is not even "susceptible" to fiscal stress, in the opinion of the Comptroller. For the 2016-17 fiscal year, Roslyn scored 0 percent. The score takes into account the district's budget management, fund balances and debt. In addition, a score is provided for “Environmental Factors” related to fiscal stress; that is, local factors that are largely outside of a school district's control, such as socioeconomic conditions and property values. Roslyn’s score of five percent is equal to or better than the score of all but 10 of the 124 school districts on Long Island.