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Fayette County Schools Budget Fallout | Lexington News
Fayette County Public Schools faced a financial reckoning after an audit revealed massive budget overruns—spending nearly $400 million on payroll instead of the projected $375 million, plus electricity costs ballooning by $5 million. The audit, conducted by Weaver and released August 3, exposed serious control failures, including staff approving their own budget transfers. While some revenue was underestimated, the overall picture shows a troubling gap between planning and reality. With property tax projections off by $12 million and existing cuts already in place—including $20 million from…
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