News at Hudson CSD

Fiscal stress condition improving, according to state

The Hudson City School District’s financial condition improved from June 2013 to June 2014, according to the New York State Fiscal Stress Monitoring System. For the fiscal year ended June 30, 2013, HCSD was rated at 43.3% or “susceptible to fiscal stress” however the rating for the fiscal year ended June 30, 2014 improved to 11.7%, or “no designation” as determined by a variety of financial indicators. The New York State Fiscal Stress Monitoring System focuses on four main categories; 1. Year-End Fund Balance; 2. Operating Deficits; 3. Cash Position; 4. Use of Short-Term Debt. Each category has specific financial indicators used to determine the fiscal stress of school districts and municipalities throughout New York State. According to the June 30, 2014 results, the HCSD had the 5th best decrease or improvement in Fiscal Stress Scoring. For more information on the New York State Fiscal Stress Monitoring System please click here. For a complete listing of all school districts in New York State and their fiscal stress scores please click here.