The Daily Gazette
The Locally Owned Voice Of The Capital Region

Late audit

Fiscal issues put Amsterdam’s ‘credibility on the line’

Grant funds are frozen, credit rating withdrawn

Amsterdam City Hall
Photographer: Marc Schultz
Amsterdam City Hall
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Amsterdam’s delays in conducting a basic year-end audit of its own finances is stalling hundreds of thousands of dollars of work and taking a toll on economic development, the environment and potentially property taxes. An audit of the city’s fiscal status is supposed to be turned in to the state Comptroller’s Office by the end of the city’s fiscal year, June 30. In its absence, the federal government froze grant funding already earmarked for specific ...

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