The Edgerton Village Council met Monday and an official from the state auditor’s office addressed them, confirming that the village does meet the criteria for fiscal emergency.
The state official told council, according to the Bryan Times, that when this happens, there is often fear of the state taking full control of the village’s finances, but that’s not the case. The state auditor will monitor with financial oversight, but it does not change the responsibility of the mayor or the village council.
The state’s role, according to the auditor’s spokesperson, is to help the village put together a comprehensive plan and timeline for taking corrective action before it is too late.