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Official Roster of Ohio Officers Edition 2023-2024Auditor of State Keith Faber (R)Elected to a four year term. More About this Office88 E. Broad St.Columbus, OH 43215Telephone: (614) 466-4514 Fax: (614) 466-4490www.OhioAuditor.gov3 more rows Auditor of State Keith Faber ohiosos.gov executive ohiosos.gov executive
What is the meaning of fiscal emergency?
Fiscal emergencies occur when there is a lack of cash to pay ongoing commitments, such as vendor, pension, payroll, or bond payments. A government may face a drop in revenue due to a national, regional, or local economic downturn.
What is fiscal distress?
A: Generally, several factors in the aggregate put a city at risk of experiencing fiscal distress: insufficient financial reserves to cover unexpected costs; revenue shortfalls due to emergencies or economic downturns; very high levels of debt compared to available income; insufficient amounts of cash on hand to pay How California Detects Fiscal Distress in Local Governments pewtrusts.org articles 2021/06/10 how- pewtrusts.org articles 2021/06/10 how-
What is the meaning of financial distress?
Financial distress is a condition in which a company or individual cannot generate sufficient revenues or income, making it unable to meet or pay its financial obligations.
What is a fiscal emergency?
Fiscal emergencies occur when there is a lack of cash to pay ongoing commitments, such as vendor, pension, payroll, or bond payments. A government may face a drop in revenue due to a national, regional, or local economic downturn. Municipal Fiscal Emergency Laws: Background and Guide to State mercatus.org research working-papers mercatus.org research working-papers
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