Late last week, New York State Comptroller Thomas DiNapoli’s office released its annual Fiscal Stress Monitoring System report.
The Comptroller’s office evaluated school districts statewide with fiscal years ending on June 30, 2024. The report classified the Harrisville Central School District as being in “moderate fiscal stress.” The district received a score of 56.7% out of 100%.
The score is based on financial information that is submitted as part of each New York school district’s required financial reports. These scores stem from factors such as year-end fund balance, operating deficits, surpluses and how much the district relies on short-term loans.
“We are fully committed to addressing the issues outlined in this report,” said Superintendent Rob Finster. “Our district administrative team is working hard to remediate the financial challenges we face, and we are confident in our ability to continue providing a high-quality education for all students.”
The primary reason for Harrisville’s designation as being in “moderate fiscal stress” is an ongoing enrollment decrease. Over the past three years, the district’s enrollment has declined by approximately 34 students, representing a 10% drop. When enrollment decreases, so does state aid. This leads to decreased revenue, which the district relies on to operate. At the same time, the cost to educate students continues to increase.
“As we begin preparing next year’s budget, we are carefully considering all options to address the financial challenges ahead,” said Finster. “While we may need to make tough decisions, we remain committed to ensuring that our financial choices support our students and are mindful of taxpayers, all while maintaining a high standard of education.”