Upon the approval by the director of education and workforce of an initial financial plan under section 3316.04 of the Revised Code or a financial recovery plan under section 3316.06 of the Revised Code, the board of education of the school district for which the plan was approved shall revise the district's current budget information and three-year projection of revenues and expenditures in accordance with rules adopted under section 5705.391 of the Revised Code so that the current budget information and three-year projection are consistent with the financial plan or financial recovery plan. In the case of a school district declared to be in a state of fiscal emergency, the current budget information and three-year projection shall be revised by the financial planning and supervision commission for that district.
Last updated August 21, 2025 at 2:32 PM