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New Richmond School District placed in 'fiscal caution' due to budget shortfalls

The district must submit a recovery plan by Dec. 21 to address deficits caused by lost revenue from two closed power plants that once provided 37% of funding.

Summary by WCPO Cincinnati
The New Richmond Exempted Village School District has been placed in fiscal caution by the Ohio Department of Education and Workforce due to projected budget deficits in 2027 and 2028.The designation, announced Thursday, comes after the district submitted its October five-year forecast showing financial shortfalls in the coming years. The district has struggled financially over the last decade since two nearby power plants and major revenue sour…

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WCPO Cincinnati broke the news in Cincinnati, United States on Thursday, October 23, 2025.
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