Fayette County Public Schools’ tentative budget for the next fiscal year is less than prior years, but the district will still need a loan to pay staff in July.
FCPS interim Chief Financial Officer Kyna Koch told the school board Monday that it’s not typical for Kentucky school districts to take a $110 million loan in anticipation of tax revenues in the fall, but the district has no choice.
Koch said if the district doesn’t get the loan, it will not be able to make payroll in July…