Ohio auditor moves to place East Cleveland under financial receivership

Описание: Ohio Auditor of State Keith Faber said Monday he will ask the state attorney general’s office to appoint a receiver to take control of East Cleveland’s finances, citing decades of unresolved fiscal problems.

The move follows a new state law, effective Tuesday, that allows the Ohio attorney general to seek receivership for communities that have failed to resolve long-running fiscal emergencies.

“East Cleveland has operated in a state of fiscal emergency for most of the last 40 years, and there has been no meaningful progress to deal with the ongoing problems,” Faber said in a statement. “This is the only viable option left to protect public resources that have been mismanaged for way too long.”

East Cleveland’s current fiscal emergency declaration has been in place for nearly 13 years, the longest in Ohio. The city also previously spent 17 years under fiscal emergency between 1988 and 2006.

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