Faced with a gaping $16 million shortfall in its fiscal year budget, Fayette County Public Schools leaders turned to local business and community leaders in late July for a solution. Their recommendation: Dip into the district’s anticipated $42 million contingency fund to cover the gap.
On Thursday, Superintendent Demetrus Liggins revealed there’s a significant problem with that path: The district’s fund is perilously much lower. That anticipated $42 million is actually closer to $15 million to $22 million.
““We are at a crisis point,” Liggins told the Herald-Leader in an interview, blaming rising inflation as “contributing significantly” to the district’s predicament…