Venice, Ill. – The Venice School Board in the Metro-East has asked the state of Illinois for financial oversight.
The state will now appoint a three-member panel to approve a financial plan, balance the budget, and approve contracts.
The district serves about 270 students in grades K-12. The school board voted to file a petition for the panel after it was unable to determine how it spent more than $3 million dollars in state funds.
State school superintendent Robert Schiller will appoint the three-member panel from a group of volunteers. The panel can also request emergency financial assistance and recommend dissolution or a reorganization of the school district.
Venice is about five miles northwest of East St. Louis.