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Central State will be removed from fiscal watch

Central State University will be removed from fiscal watch by the state later this week.

The Chancellor of the Ohio Department of Higher Education will visit the Wilberforce-based campus on Thursday to make the official announcement, said state spokesman Jeff Robinson.

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Chancellor John Carey will join CSU president Cynthia Jackson-Hammond and the college’s board of trustees for the public announcement at 9 a.m. on the second floor of the student center, according to a statement from CSU.

Central State was placed on fiscal watch in 2015 after its finances dropped below a state threshold used to gauge the financial health of Ohio’s public colleges.

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The state rates schools on a scale of 0 to 5 every year – referred to as the Senate Bill 6 score, after the bill that created the ranking in 1997. If a school falls below a 1.75 two years in a row, it gets placed on fiscal watch.

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Central State received a rating of 1.3 in 2013 and a 1 in 2014, which put the school under state scrutiny of fiscal watch.

Since then though, Central State’s finances appear to have improved. The school received a rating of 2.3 in 2015 and a 2.8 in 2016, department of higher education reports show.

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