New Rochelle Touted Strong Finances as Fund Balance Collapsed Before Audit Was Finalized
Finance & Auditor presentation last fall highlighted a “clean audit,” but the 2024 financial report shows a $179 million deficit, sharply reduced reserves and significant audit adjustments. NEW ROCHELLE, NY (March 18, 2026) — New Rochelle officials presented a reassuring picture of the city’s finances during a Sept. 10, 2025