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.
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.
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.
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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