'Financially insolvent' Marysville schools to get unprecedented oversight

MARYSVILLE — After weeks of turmoil in Marysville schools, state Superintendent Chris Reykdal will impose an oversight committee on the district, he wrote Tuesday, citing the high-profile departures of three district leaders.

It’s the first time the state has done so in any school district.

“I have determined that the district is financially insolvent,” Reykdal wrote Tuesday in a letter to district leaders, “because it is reasonably foreseeable that unless action is taken, (the district’s) financial situation will result in a deficit general fund balance within three years and the district is unable to prepare and execute a satisfactory financial plan.”

In an email, Marysville schools spokesperson Jodi Runyon wrote leaders were not yet sure what the committee would mean for district operations. School board meetings would continue as scheduled, she wrote, “unless we are instructed otherwise.”

https://www.heraldnet.com/news/financially-insolvent-marysville-schools-to-get-unprecedented-oversight/