New York gets failing grade for state finances in updated report | State

(The Center Square) – A year ago, when Truth in Accounting published its annual Financial State of the States report, it noted that New York entered the COVID-19 pandemic in “poor fiscal health.”

“And it will probably come out of the crisis even worse,” the think tank added.

Fast forward to this year, and while the pandemic still lingers, Truth in Accounting’s latest report, released Tuesday, showed its prediction was correct.

In its 12th annual edition of the report, the think tank that focuses on public finances gave one of its 10 failing grades to New York as it found the state had a tax burden of $132.7 billion, or $20,100 per taxpayer.

Any state with a burden exceeding $20,000 gets an “F.” While New York also ranked 41st in the country in last year’s State of the State, it received a “D” because its taxpayer burden

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Frisco hires former Breckenridge employee Leslie Edwards as new finance director

Frisco’s Finance Director Bonnie Moinet is retiring Friday, Oct. 1, after 14 years with the town, according to a news release. The town has appointed former Breckenridge Accounting Services Manager Leslie Edwards to take over the position.

Officials lauded Moinet’s work with Frisco, voicing that she provided strong fiscal stewardship and helped to guide the town in financing key improvements, including the development of the Frisco Adventure Park, the Step Up Main Street project, the Basecamp project, ongoing marina improvements and more.

“The town of Frisco has enjoyed a very sound and sustainable financial foundation because of the exceptional leadership of Bonnie Moinet over the past 14 years, and Ms. Edwards brings a level of professionalism and integrity which will certainly maintain that legacy,” Frisco Town Manager Tony O’Rourke said in the release.

Edwards will officially step into her new role Oct. 19 after 16 years with the Breckenridge Finance

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