Detroit http://wrvo.org en Comptroller DiNapoli: We can't let NY cities go bankrupt like Detroit http://wrvo.org/post/comptroller-dinapoli-we-cant-let-ny-cities-go-bankrupt-detroit <p>The city of Detroit’s declaration of bankruptcy has left some in New York wondering whether any upstate cities will be next. State officials say they are trying to help with financial planning guidance, but local governments say more needs to be done.</p><p>State Comptroller Tom DiNapoli has created a fiscal stress monitoring system that measures the financial health of New York’s local governments. A preliminary report found two dozen cities, counties and villages are moderately to severely fiscally stressed.</p><p>DiNapoli say he hopes they can avoid the fate of Detroit.</p> Fri, 26 Jul 2013 17:38:02 +0000 Karen DeWitt 41702 at http://wrvo.org