The Milford Exempted Village School District has been released from its Fiscal Caution designation by the Ohio Department of Education.
The district recently received word of the move in a letter dated Oct. 14 from the Ohio deputy superintendent of public instruction and addressed to Milford Exempted Village School board president Debbie Marques.
“The expenditure reductions and/or revenue enhancements enacted and implemented by your school board should eliminate the potential for deficits in the current and next two fiscal years,” said Marilyn Troyer, deputy superintendent in the letter. “This improved financial position is evident in both your district’s five-year forecast and the Department of Education’s two year financial analysis.”