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Bridgeport declared to be in state of fiscal emergency

The village of Bridgeport has been declared to be in a state of fiscal emergency, after it defaulted on outstanding debts.

The village of Bridgeport has been declared to be in a state of fiscal emergency, after it defaulted on outstanding debts.

The village was declared unauditable in May.

An analysis was performed by the Ohio Auditor’s local government services section, which found the village had failed to make semi-annual payments on loans to the Ohio Water Development Authority and the Ohio Public Works Commission.

The missed payments total $90,636.

Ohio Auditor Dave Yost says, in part, this fiscal emergency will provide Bridgeport officials with much-needed resources and will be the kickstart needed to help them get their finances moving in the right direction.

Village officials are aware of the audit, but have not given a full statement on the record as of yet.

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