Applicable Fiscal Years: 2021 - 2022
Report Category: Fiscal Distress Monitoring
The Virginia Acts of Assembly directs our Office to review local financial data and other information as part of an early warning system to identify whether a locality may meet the defined criteria for fiscal distress. This report provides an overview of the early warning system and includes the combined results of our Office's completed analyses for the 2022 and 2023 monitoring processes.
We perform this monitoring process over all cities and counties, and towns statutorily required to have an audit.