Financial Health Check Considered For IN School Dists

Every Indiana school district could be evaluated under a new set of measures next year to ferret out districts that may need state assistance or intervention. Legislation passed this year by state lawmakers directed Indiana’s Distressed Unit Appeals Board to form a committee to determine which financial conditions should trigger a state review of school district finances. That committee approved eight primary fiscal indicators for those school district assessments, including school fund balances and annual deficit or surplus. The State Budget Committee must approve the measures at its next meeting before they can be put in place in January.