Central State University, the historically Black educational institution in Wilberforce, Ohio, announced that it has made substantial progress in addressing the school’s financial problems. The university now exceeds state-mandated financial benchmarks, and as a result as been removed from the Fiscal Watch designation by state authorities.
John Carey, chancellor of the Ohio Department of Higher Education, stated that “we are pleased with the dedication and effort put forth by Central State University to address its financial situation and get on the path to fiscal recovery. The release of Central State from fiscal watch status is the result of diligence and hard work. We look forward to seeing the university continue on this path.”
Cynthia Jackson-Hammond, president of Central State University, added that “we have worked intentionally to improve our financials and have developed and implemented policies that support effective and efficient operations. The University is healthy and moving forward in our mission to provide quality educational experiences for our students. This achievement is the result of the entire University working collaboratively to support this great institution!”