PARMA, Ohio — Parma City Schools is projecting a $16.1 million general-fund deficit by fiscal 2029, but the district has not entered Ohio’s formal fiscal-oversight system.
For now, the state is requiring Parma to submit a board-approved plan by Nov. 30 explaining how it will avoid the projected deficit. What happens after that depends largely on whether the state accepts the plan and whether Parma’s finances continue to deteriorate.
These are five takeaways from the original article, which examined Parma’s forecast and how Ohio’s escalating system of school financial oversight works…