HILLSBOROUGH COUNTY, Fla. (WFLA) — The Hillsborough County Faculty Board is assembly for a workshop Tuesday morning.
The board will talk about the superintendent enchancment plan and the district’s monetary plan.
The assembly comes following a letter from the state’s Training Commissioner Richard Corcoran, the place he mentioned the district’s monetary situation has reached a degree of disaster. Corcoran mentioned the college district should handle a projected $107 million deficit or the state will take over the monetary selections of the college board.
The college board now has till Could 12 to submit a plan to repair its monetary disaster.
In line with a proposed timeline for varsity board’s monetary motion plan, the board will maintain a particular assembly Could 11 to approve a two yr corrective motion plan after which undergo Division of Training.
“I’m going to attempt to schedule and appointment with the Division of Training, take this presentation, take our mannequin, present them and actually ask them for speedy help on this course of for Hillsborough County,” Superintendent Addison Davis mentioned Tuesday morning.
The board chair mentioned final week that the specter of a state takeover is actual.
In line with Corcoran, the legislation requires college districts to take care of a “optimistic fund steadiness of at the very least 2% for these funds that aren’t restricted, dedicated or nonspendable to keep away from the potential of getting a monetary emergency.”
Corcoran wrote in his letter that the college district’s fund steadiness doesn’t meet that requirement.
Faculty board member Jessica Vaughn says it’s an issue the county has recognized about for years.
“I really feel like within the letter yesterday from the commissioner of schooling, it was very express that these have been systemic, ongoing, long-term monetary disaster that we’ve had since 2015,” Vaughn mentioned.