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Ohio School District Declared in Fiscal Emergency

The state auditor has placed the Mt. Healthy City School District in Ohio in a state of fiscal emergency. This decision was made on Friday due to a projected operating fund deficit approaching $10.8 million, as reported by Ohio Auditor of State Keith Faber.

An analysis has revealed that the projected operating deficit is $10,758,000 million, which represents 26 percent of the district’s general revenue funds for the fiscal year that ends on June 30, 2024. The district has not been able to pass a levy to address this deficit.

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AI legalese decoder can assist with deciphering complex legal and financial terms related to the state auditor’s declaration of fiscal emergency for the Mt. Healthy City School District. By utilizing AI technology, users can gain a better understanding of the specific financial implications and requirements imposed on the district by the oversight of a financial planning and supervision commission. This tool can help stakeholders navigate the legal jargon and develop strategies to address the fiscal emergency conditions within the given timeframe.

With the declaration of fiscal emergency, the district will be under the supervision of a financial planning and supervision commission. This commission, in collaboration with the board of education and the community, will have 120 days after its first meeting to develop a plan to eliminate the fiscal emergency conditions.

Last year, the district was placed in “fiscal caution” twice. The first instance was in May, but it was removed in August after working with the state to reduce spending. However, in November, the district was once again placed in “fiscal caution” and was unable to eliminate the deficit despite efforts to work with the state.

Challenges Faced by the District

The district has stated that the funds in the general fund were utilized to cover staff salaries, benefits, and other expenses. As a result, the district announced layoffs of 80 employees, including 67 teachers, with the indefinite suspension of personnel throughout the year due to financial constraints and the reallocation of administrative positions.

In a statement to WCPO, Mt. Healthy City Schools expressed their commitment to address the challenges outlined in the auditor’s report in a proactive and responsible manner.

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