Auditor: Scioto County Deemed In Fiscal Emergency

» 1 Comment | Post a Comment

COLUMBUS, Ohio—Scioto County became the first county in Ohio Wednesday to be placed in fiscal emergency by the Ohio Auditor’s office.

The same designation was given to the City of Cleveland in 1980 when it essentially went bankrupt.

The chairman of the Scioto County Commissioners said the county can still pay its bills—it’s just taking longer. Plus, the county still owes millions of dollars on a new jail.

In addition, the county is making virtually nothing on its investments.

Two years ago, the county made $900,000 on its bank investments and this year it will likely make $40,000.

County employees have been asked to take a day off every other week to cut costs, but since the county is self-insured, Commissioner Tom Reiser said it actually costs the county more to lay off a worker than to have them continue working.

They would have to pay all of the worker’s unemployment and most of their insurance costs.

Resident Tom Atkinson said the county’s problem began years ago when mills along the Ohio River began closing.

For additional information, stay with nbc4i.com and NBC 4 and refresh nbc4i.com—Where Accuracy Matters.
To submit a story idea or news tip, e-mail us at .
NBC 4 POLITICS: Headlines, Interactives & Video
MORE: NBC 4 Local News | Local Crime News
NBC 4 SPORTS: Sports News, Video

Advertisement

 
View More: scioto county,ohio auditor,fiscal emergency,
Not what you're looking for? Try our quick search:
 

Advertisement

Reader Reactions

Flag Comment Posted by lucasville ohio on August 23, 2009 at 6:14 pm

If Scioto County is in Fiscal Crisis, why did the county auditor go out and buy a new Audi TT to go along with his Cadillac?  Does the crisis the county is in not apply to him or is he above it all since he is an eleceted official?  Seems to me the guy who is responsible for couny investments, spending and revunue should act like there is a crisis on and not be splurging on a new toy.

Post a Comment(Requires free registration)

The commenting period has ended or commenting has been deactivated for this article.
 

Advertisement

Advertisement

Advertisement

Consumer Info & Money Saving Tips

Advertisement