A state comptroller’s report released Wednesday said that the Village of Huntington Bay was “susceptible to fiscal stress,” but Mayor Herbert Morrow said the rating was not a matter of concern.
“We don’t take great stock in it,” he said. “Our financial situation is really good. The reality is that it has no significance to the people in the village.”
He said that the village had done a lot of work to improve the roads, especially with drainage projects, that the village had hired an extra police officer, and that it had spent $80,000 based on a state grant it was awarded but hadn’t yet received the funds.
Morrow said the village’s basic fund had take a dip and the state scored the village at 46.3 points, just over the threshold of 45 points to be ranked as susceptible to stress.
Huntington Bay was one of five villages around the state that were designated in fiscal stress: Coxsackie, which was ranked as in “moderate fiscal stress,” and then four classified as “susceptible to fiscal stress”: Chateaugay , Canajoharie, Huntington Bay, and Mohawk.