(The Center Square) – For the second time in less than a year, Ohio Auditor Keith Faber placed a school district under fiscal emergency, forcing the system to fall under a financial planning and supervision commission.
Trimble Local School District in southeast Ohio asked the state for help in early January when it projected a $1.6 million operating deficit. An analysis from the Auditor of State’s Local Government Services Section put the deficit at $2.99 million.
The state auditor declares a school district in fiscal emergency when its operating deficit exceeds 15% of the district’s general fund revenue for the preceding year…