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Report: 3 Long Island municipalities face 'significant stress' fiscally

New York State Comptroller Thomas DiNapoli is seen

New York State Comptroller Thomas DiNapoli is seen on Sept. 19, 2014. Credit: AP / Mike Groll

ALBANY - Nassau County, the City of Glen Cove and the Village of Amityville are among 15 municipalities deemed in "significant stress" fiscally, according to a new report by state Comptroller Thomas DiNapoli.

The report released Wednesday also showed that in 2014, Suffolk County, the Town of Hempstead, the City of Long Beach and the Village of West Hampton Dunes were in "moderate stress" fiscally.

Glen Cove was among three municipalities statewide that moved into higher fiscal stress.

DiNapoli issued the report to warn local government officials and their taxpayers when fiscal data shows harder times ahead that could trigger tax increases and cuts in services.

The report also listed the villages of Malverne and Huntington Bay as "susceptible to fiscal stress."

In the third year of DiNapoli's project, 15 local governments statewide are considered in significant distress, compared to 10 in 2013 and 12 in 2012. The number of local governments facing moderate fiscal stress totaled 11 in the 2014 data, compared to 17 in 2013 and 18 in 2012.

"The financial trends in some local governments have not improved over the past three years, and it is looking tougher for New York's cities," DiNapoli said. "While it is clear that our municipalities continue to struggle with balancing revenues against increasing costs, we also know that sensible budgeting and developing comprehensive multi-year financial plans are crucial to overcoming both current and future fiscal challenges."

Statewide, 11 cities, or 25 percent of all cities, were in one of the stress categories. That compares to five cities, or 11 percent, placed in a stress category in 2012.

In all, 44 villages, towns and counties were under some level of fiscal stress, compared to 35 in 2013 and 40 in 2012.

New York City, which has its own comptroller, is not included in the report.

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