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www.wmfd.com - The Mansfield City Schools have been placed in fiscal emergency by the state auditor's office. }}" />

   
 
 
Mansfield City Schools Under Fiscal Emergency

Story By: Brigitte Coles

 

 

 
 
 
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  Originally Published on: 12/18/2013

The Mansfield City Schools have been placed in fiscal emergency by the state auditor's office. Auditor of State Dave Yost took the action Tuesday after the board of education approved a resolution on Nov. 22 requesting the action be taken.

"We knew this was coming. Our board reluctantly requested this action," Supt. Brian Garverick said.

"While we are grateful for the community's support of our levy on Nov. 5, revenue from that levy will not be sufficient to offset our deficit," Garverick said.

The board resolution asked that Yost certify the district's deficit estimated to be $4.5 million at the end of fiscal year of June 30. The fiscal emergency declaration makes the district eligible for aid from the state's Solvency Assistance Fund.

The state will appoint a Financial Planning and Supervision Commission to oversee the district's financial affairs and develop a financial recovery plan.

The commission will consist of two state-level members and three local members. The two state-level members are the director of budget and management and the state superintendent of public instruction, or their designees. One local member will be appointed by the governor, one by the state superintendent and one by the mayor.

The commission will have 120 days to develop a plan to eliminate the district's budget deficit.

Mansfield City Schools had been under fiscal watch since 2006.

Mansfield City Schools joins a half dozen of Ohio's 613 school districts already under fiscal emergency. .

   
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