BREAKING NEWS

BREAKING NEWS

Budget extension

Fostoria, other entities need more time on 2018 plan

FOSTORIA — Fostoria council members learned Tuesday evening they would have to approve a temporary budget to give city officials more time to complete a permanent budget for 2018.

Finance Director Steve Garner said city officials have been working with representatives from State Auditor Dave Yost’s office on a proposal for next year’s budget.

City leadership is working with the state auditor’s office because it is under fiscal emergency status.

Garner said council would be presented with a temporary budget at a Dec. 19 meeting for the first quarter of 2018. The city was placed under the status in May 2016 because of its substantial deficit balances in city funds.

Safety Service Director Deb Hellman said auditor’s office representatives are to work on the permanent budget with city council during a work session at 6 p.m. Jan. 9.

She said meetings also are likely to be scheduled Jan. 16-18 to have the budget read and voted on.

Hellman also said an updated five-year fiscal recovery plan must be approved by council, by a financial advisory panel formed as part of the recovery process and by auditor’s office representatives.

Councilman Greg Cassidy said he would like to see a working budget as soon as possible.

“They have to understand we’re not going to have a quick review and approve that,” he said. “We need to really review it and know what we’re voting on.”

In other news, city officials learned an $11.35 million project is to planned for the city.

According to a release from the Regional Growth Partnership/JobsOhio, Treves Inc., an automotive supplier of acoustic treatments and interiors, are to open a production facility in Fostoria.

FEDC President Renee Smith said the organization has worked on the project for more than eight months. She said Treves is to be located in a 40,000-square-foot speculative building constructed in 2016 at 615 S. Corporate Drive in an industrial park off US 23.

The release states the project is to create more than 93 jobs and Treves plans to expand the site to 120,000 square feet.

Treves received a Jobs Creation Tax Credit and a grant for machinery and equipment.

Councilman Brian Shaver said it was positive news for the city and could lead to more economic growth.

In other business, at the recommendation of Law Director Timothy Hoover, council agreed to give the city additional time to work out contracts with the police and fire unions.

Also, Council President Steve Kauffman said no one has applied for the Third Ward Council seat that is to be available Jan. 1. Paperwork is to be accepted until Dec. 22 and council is to vote on a replacement at the Jan. 2 meeting, after hearing from candidates.

Kauffman urged residents to be “part of the excitement” of city business.

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