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Fayette County Schools Face Budget Crisis | Lexington News
Fayette County Public Schools faces a looming budget shortfall after discovering an eight-point-five-million-dollar overstatement in past property tax collections, forcing deeper cuts despite already slashing $20 million and eliminating 120 positions. New financial leadership is stepping in to fix years of missteps, while officials scramble to trim current expenses, secure a $95 million short-term loan, and sell unused buildings for $3 million to stay afloat until fall tax revenue arrives — all while navigating the painful reality that staff costs make up most of the budget. Listen in…
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