LEXINGTON, Ky. (WKYT) – What began as a reported $16 million budget shortfall last May has grown into a multi-year accounting crisis for Fayette County Public Schools.
The school board discussed the district’s financial situation Monday night as investigations remain ongoing.
According to budget documents, FCPS is projecting a $17.8 million shortfall for fiscal year 2026, which ended in June. Interim Executive Director of Finance Amy Smith said revenues in the budget were $494 million, while total expenditures were $512 million…