Sullivan County New York fisacal stress

Hudson Valley News
8:20 am
Mon July 22, 2013

Comptroller Outlines Sullivan County Fiscal Stress

Credit wikipedia commons

MONTICELLO – The state comptroller’s office recently said Sullivan County was in fiscal stress and now, the agency has outlined details of how it came to that conclusion.

In an audit of the county’s finances released on Friday, the comptroller said the county spent $6.7 million more than it received between 2007 and 2011. During three of those years, the county suffered operational deficits.

In addition, the audit said the general fund balance was artificially inflated due to a $4.5 million nursing home receivable that is unlikely to be collected.

Read more