Citizens For A Better Norwood

Tuesday, November 21, 2006

So, with Anderson's $3.5 million banked, when will Norwood be out of fiscal watch?

If you guessed sometime in the first quarter of next year, you’re probably right. According to our source at the Ohio Auditor of State, their examination of the City’s 2-year forecast is underway, and in mid to late January of ‘07, an analysis similar to the one that resulted in fiscal watch will be performed to make sure the same financial conditions no longer exist. We were told it was “realistic” to expect some good news from the AOS the early part of next year.

Here’s a link to the conditions for fiscal watch: