Hudson Valley News
3:34 pm
Wed May 22, 2013

Comptroller DiNapoli Worried About Poughkeepsie's Debt

Comptroller DiNapoli
Credit Karen DeWitt

The city of Poughkeepsie is facing an $11 million  deficit in its general fund brought on, according to New York State Comptroller Thomas DiNapoli, by unrealistic budgeting by city officials—including overestimating revenues. DiNapoli, in a new audit, says Poughkeepsie’s debt burden has gone up 45 percent over the past five years as its financial condition deteriorates.

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