New York’s comptroller is proposing a monitoring system that would rate the financial status of the state’s local governments.

The monitoring system, announced on Monday by Thomas DiNapoli, would identify municipalities and school districts experiencing signs of budgetary strain so that preemptive corrective actions could be taken.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.