Fiscal distress definition

Fiscal distress means a fiscal condition based on a
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Fiscal distress means a situation whereby the provision and sustainability of public services, or the
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Fiscal distress means a jurisdiction other than a State that satisfies 1 of the distress criteria set forth in paragraph (3); and
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Examples of Fiscal distress in a sentence

  • Fiscal distress is determined by finding that a local educational agency (LEA) has more than one of the Indicators of Risk or Potential Insolvency as determined by FCMAT.

  • The technical cooperation segment continues to be the main funding source of UN-Habitat, followed by foundation special purpose.

  • Fiscal distress included the following criteria: full valuation per capita less than 50 percent of the statewide average; less than 40 percent real property tax capacity; population loss greater than 10 percent since 1970; and a poverty rate greater than 150 percent of the statewide average.The Budget contains measures intended to help local governments with their long-term planning, including a multi-year funding structure.

  • Fiscal distress refers to both short-term and long-term fiscal difficulties that municipalities may face (Carmeli, 2008).

  • This saves users the cost of collecting new data each time it is required.• Data uniformity: Indicators should be based on uniformly collected and defined data.• Data collection frequency: Indicators should be based on data that is collected at regular andscheduled intervals, which allows “apples to be compared with apples”.• Discern progression: Fiscal distress does not happen overnight but is often a non-precipitous process.

  • Fiscal distress measurement is common in the developed world (North America and Europe).

  • Under the change-of-use scenario, in order to allow effective and efficient change-of-use we anticipate a requirement to complete large-scale reconfiguration.

  • Fiscal distress can be categorized by the following criteria: 1) the family poverty rate is 125% or more of the national poverty rate; and 2) the per-capita income is less than 75% of the national average.

  • Fiscal distress is a multi-dimensional concept with financial, fiscal and socioeconomic aspects.

  • Fiscal distress describes a situation where there is an imbalance between the level of financial resources committed by a municipality and the potential available resources (Kloha et al., 2005).


More Definitions of Fiscal distress

Fiscal distress means a fiscal condition based on a municipality’s tax rate, cash deficit, insufficient percentage of tax collections, insufficient collection of other revenues, over-anticipation of the revenues of prior years, non-liquidation of interfund transfers, reliance on emergency authorizations, continual rollover of tax anticipation notes, inefficiencies in the provision of municipal services such that associated costs substantially exceed costs for similar services in other municipalities, or other factors indicating a constrained ability to meet the municipality’s budgetary requirements.
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Fiscal distress means a situation whereby the provision and sustainability of public services, or the ability to appropriately fund financial liabilities, is threatened by various administrative and financial shortcomings, including cash flow issues, inability to pay expenses, revenue shortfalls, deficit spending, structurally imbalanced budgets, billing and revenue collection inadequacies and discrepancies, debt overload, failure to meet obligations to authorities, school divisions, or political subdivisions of the Commonwealth, lack of trained and qualified staff to process administrative and financial transactions, or the inability to timely produce an audited financial report. "Fiscal distress" may be caused by factors internal to the locality or external to the locality, and in various degrees such conditions may or may not be controllable by management or the local governing body or its constitutional officers.
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Related to Fiscal distress

  • Substantial emotional distress means significant mental suffering or anguish that may, but does not necessarily, require medical or other professional treatment or counseling.

  • Lender-Related Distress Event means, with respect to any Lender or any person that directly or indirectly controls such Lender (each, a “Distressed Person”), as the case may be, a voluntary or involuntary case with respect to such Distressed Person under any Debtor Relief Law, or a custodian, conservator, receiver or similar official is appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person or any person that directly or indirectly controls such Distressed Person is subject to a forced liquidation, or such Distressed Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental Authority having regulatory authority over such Distressed Person or its assets to be, insolvent or bankrupt; provided that a Lender-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interests in any Lender or any person that directly or indirectly controls such Lender by a Governmental Authority or an instrumentality thereof, so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.