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Springfield officially out of fiscal emergency

By John Published: November 22, 2011

Ohio Auditor David Yost has officially released Springfield Local Schools from fiscal emergency and state oversight. (note: auditor's release has a mistake. Springfield closed one elementary school, not two).

The district didn't pass any new operating taxes to climb out, unlike Little Miami, which slipped into fiscal emergency a year ago and passed a nearly 14-mill levy in November by 61 votes (might be a recount there).

The state declared fiscal emergency for Springfield in 2007. Since then, the district chopped $6.6 million out of its budget.

Springfield received a nearly $2 million loan from the state in 2007, which it has paid back.

 

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