Officials seek recovery plan for Campbell

CAMPBELL — The city must have a new recovery plan with specific information about what it will do if it doesn’t receive anticipated revenues.

Paul Marshall, chairman of a commission that oversees the city while it’s in fiscal emergency, told Mayor George Krinos at a commission meeting today that he must have the plan ready by the next meeting Oct. 18.

A five-year recovery plan is required under Ohio law while a city is in fiscal emergency, as Campbell has been since 2004.

The city has averted a 2010 shutdown with a revised 2010 budget. The budget means the city will have $806,415 carry-over into 2011.

The carry-over includes $54,000 saved by the budget revisions and the previous carry-over of $752,000.

The carry-over is a cash reserve, explained Marshall, and shouldn’t be considered operating money.

For the complete story, see Tuesday's Vindicator and Vindy.com