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Fayette County Schools Face $17.8M Budget Gap | Lexington News
Fayette County Public Schools faces a potential $17.8 million budget shortfall, still under review as they dig into past financial records — final numbers won’t be confirmed until September. This isn’t new: a prior deficit has already forced cuts, including $20M from the budget, 120 staff positions, and reduced workdays. To bridge the gap before fall tax revenue arrives, the district approved a $95M short-term loan and is asking a finance committee to find more savings. They’re in deep financial review mode, working to fix long-standing misstatements and stabilize their finances. Listen in…
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