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Northwest out of fiscal caution

By John Published: June 20, 2011

?  The Ohio Department of Education removed Northwest Local Schools from the list of districts in ''fiscal caution'' on Monday, which ends the state's monthly monitoring of the district's finances.
    The district's budget cuts combined with the passage of a 1-percent earned income tax last year should eliminate the potential for deficits through the next two fiscal years, according to Interim State Superintendent Stan W. Heffner.
    "This improved financial position is evident in both your district's five-year forecast and the Department of Education's two-year financial analysis," according to Heffner's letter to the district.
    Northwest slipped into fiscal caution -- the first step toward state takeover -- in 2008 when it finished the fiscal year with a $1.1 million deficit.
    Voters rejected new operating money for the district -- which includes Canal Fulton, Clinton and a portion of New Franklin -- 10 times in five years before approving the tax increase in May of 2010.

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