Cincinnati Public Schools Treasurer to retire

CINCINNATI, OH (FOX19) - Cincinnati Public Schools Treasurer Jonathan Boyd announced Wednesday that he plans to retire from full-time work this year.

In a statement released on Wednesday, Boyd says, "It has been a privilege to serve the students, staff and community of Cincinnati Public Schools for almost four years, and I have enjoyed working with the Board of Education and the Superintendent to support academic progress by keeping CPS financially solvent," Boyd said. "But, on the advice of my physicians, I have decided it is time to retire from the demands of full-time employment."

Boyd said he would work with the Board to determine the actual date of his retirement but felt it was important to announce it now to enable the Board to conduct a thorough search for a successor. "It is my desire to work with the Board on a smooth transition," he said.

Boyd, a veteran school treasurer who joined CPS after serving as chief fiscal officer for Worthington, Ohio, schools, said he is most proud of the improvements he implemented to improve district business operations and financial stability, as well as his role in reaching a transformative and fiscally responsible agreement in negotiations with the Cincinnati Federation of Teachers.

"The Board hired me as a change agent, and, during my time as treasurer, we have strengthened financial stability and transparency in financial reporting and budgeting," he said.

Boyd also served in a volunteer leadership capacity on two successful levy campaigns for CPS: a 7.89-mill new levy that was approved by voters on March 4, 2008, and a 9.11 renewal that was approved by voters on November 3, 2009.

The treasurer and superintendent are the only two public school employees who are hired directly by and report directly to the Board of Education, under Ohio law.

"Mr. Boyd is a man of the utmost integrity and we greatly appreciate his leadership in financial matters," said Cincinnati Board of Education President Eve Bolton. "It is our intent to hire a worthy successor who will continue to transform operations to ensure precious taxpayers dollars are spent wisely, and the Board intends to conduct an extensive and transparent search."

She added that Boyd is expected to remain to lead "the comprehensive and focused budget development process in which the district is currently engaged" to plan for the 2011-12 school year.

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