New York’s comptroller reports 15 villages statewide are under some level of fiscal stress out of 535 that were evaluated.
In a report released Friday, the comptroller’s office says most operate with low fund balances and budget deficits, while many have relied on short-term debt to cover gaps in cash flow.
Most have declining property values, above average child poverty and shrinking employment.
The report for municipal fiscal years ending last May 31 shows four villages under “significant” financial stress. They are Suffern in Rockland County and Amityville, Manorhaven and Bayville on Long Island.
Four villages with “moderate” stress are Solvay in Onondaga County, Old Brookville and West Hampton Dunes on Long Island, and Kiryas Joel in Orange County.
Seven are rated “susceptible.”
(AP)
Join the official YWN WhatsApp status
6 Responses
Perhaps they should opt out from Kirtes Joel were they not have to compete with one and other
As a nation, we must help and support our poorer brethren. If some villages are economically stressed, we as a nation must come to their aid.
rachmonim bnei rachmonim
Makes sense since they have many people, many nonprofits, and not many businesses. The Satmar community should encourage more “for profit” businesses to move there. It’s more a function of demographic and how local taxes work in New York.
Why is this no supriae
Reply to No. 2
I assume you are joking. KJ’s economic circumstances are the result of lifestyle choices made by its residents with regard to educating their children to pursue good-paying jobs, family size, business development etc. They are certainly fortunate to live in the golden medinah where they can govern themselves and make such choices but certainly, its not fair to other taxpayers to subsidize their lifestyle choice.
I saw a statistic recently that Kiryas Joel was the poorest census district in New York, and Lakewood is fourth poorest in New Jersey.
They are not poor because of bad luck or disability. Poverty and Torah study is their choice.
When someone is poor by choice, I am not sure what the halacha is for supporting them. It is a complicated question.