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Schools Plead for Money from City
Wednesday, March 28, 2012 10:57:39 AM - Monroe Ohio

by John Beagle

In the video above the Superintendent of Monroe Local Schools, Dr. Elizabeth Lolli, pleads for accelerated TIF payment from the city. Annually TIF funds from the city amount to over $1 Million Dollars. The schools need the money by June, before the state auditor requires the school financial reports.

Despite the $2.2 Million in cuts (mostly from 19 teachers and school employees being cut), without new money the Monroe school district will be unable to submit a financial plan that would satisfy the Ohio Department of Education. There isn't enough projected cash flow to sustain the district with its projected $4.5 Million deficit.

The school district is currently in Fiscal Watch. This payment may help the schools avoid Fiscal Emergency and a state takeover of the school district.

I asked School Board President Brett Guido if the payment would keep MLS out of Fiscal Emergency, he said it is not guaranteed that this will cause Monroe Schools to avoid a state takeover.

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