Twenty-five of Kentucky’s 171 school districts have a smaller portion of their budgets in contingency, or rainy day, funds than Fayette County Public Schools, according to data in this week’s Kentucky Board of Education agenda.
For the fiscal year that began July 1, the district’s contingency fund is 5.1% of the parts of the budget used to calculate the fund rate.
That’s smaller than the district’s typical 6%, but still larger than the state-mandated 2%…