Glens Falls taking steps to ease financial stress

GLENS FALLS, N.Y. — The city of Glens Falls is in financial stress, but a recent review by the state shows the city is moving in the right direction.

According to State Comptroller Thomas DiNapoli, the city’s revenue has not kept pace with expenditures.

He says debt costs and the subsidization of the civic center are partly to blame. But he noted Glens Falls leaders are taking steps to turn things around, including consolidating some city functions and combining services with Warren County.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s