Financial Restructuring Board

7:51am

Tue November 12, 2013
Regional Coverage

Fulton reaches out to Cuomo's Financial Restructuring Board for help

Earlier this year, the city of Fulton was placed on New York state's list of fiscally distressed communities. Now it's the first municipality in the state to sign up for Gov. Andrew Cuomo's recently created Financial Restructuring Board. The ten-person board offers cities management recommendations and grants to help them implement financial changes and get back on their feet.

Fulton Mayor Ron Woodward, Sr., says the city's struggles are the result of several factors, including the loss of two large employers in the area.

Read more