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Wed. 10:28am: Newton in fiscal caution

October 10, 2012
Tribune Chronicle |

COLUMBUS - Ohio Auditor Dave Yost has placed Newton Township into fiscal caution, citing deficit balances, significant audit citations and failure to file financial reports and unauditable records

"Fiscal caution is a chance to get the house in order before things get worse," Yost said in a news release. "It's going to take some work, but let's hope today marks the first step on the road to the financial management Newton Township taxpayers deserve."

The township now has 60 days to submit to the auditor a plan to correct the budgetary conditions that led to the declaration of fiscal caution, including eliminating deficit fund balances.

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