COLUMBUS — Ohio Auditor Keith Faber intends to formally request Attorney General Dave Yost launch legal proceedings to appoint a receiver for East Cleveland, a move that is aimed at resolving financial problems that have chronically plagued the city.
If granted, the appointed receiver would have significant authority over East Cleveland’s operations with the ability to cut spending, enforce a financial recovery plan and take action deemed necessary to restore stability.
The request, which Faber said he will make Tuesday, is permitted under a new state law , taking effect on Tuesday, for communities that have been unable to address fiscal emergency declarations for extended periods. Faber notified the city of his plan on Monday as he announced it publicly.
Faber is unlikely to hit any