McDonald schools’ panel to Ohio auditor: Free us from fiscal emergency

December 4, 2011 at 5:18p.m.

By MARY SMITH

news@vindy.com

McDONALD

The McDonald State Finance and Planning Commission has approved a resolution to request that the state auditor release the district from state fiscal emergency.

The district has been in state fiscal emergency since October, 2009 when it found itself with a deficit of $2.001 million.

Since then, the district has made cuts totaling $875,000, passed two emergency operating levies, and learned it would maintain $500,000 in State Foundation money instead of having it cut under the new state biennium budget.

Voters approved a 4.9 mill, five-year emergency levy to generate $260,000 in November 2009, and then also approved a May 3 levy this year to generate $580,000 for five years in a 10.75 mill emergency operating levy.

Read the full story Monday in The Vindicator and on Vindy.com.