LEXINGTON, Ky. (LEX 18) — A virtual special board meeting with Fayette County Public Schools leaders was held on Thursday to discuss the projected budget deficit for the 2025-2026 school year.
The meeting was called after learning several weeks ago that the district’s “carry forward balance" was likely going to be less than thought.
New figures released during the meeting showed that the balance is $26.3 million, instead of the initially indicated $42 million.
Superintendent Dr. Demtrus Liggins told board members that plans moving forward do not include raising the occupational license tax, but officials are considering additional ways to reduce expenses.
Some recommendations include: freezing all hirings except for classroom and bus drivers; restricting overnight learning at the district level; restricting food for district-sponsored activities and meetings; cutting the superintendent’s executive coach; and cutting non-traditional instruction days. These cuts, if taken, would not require board approval.
Other ideas that would require board approval include selling real estate and raising school meal prices.
No decisions were made on Thursday. School officials are planning to present a working draft budget at the September 8 meeting and finalize it on September 22.
Superintendent Liggins sent out a letter to parents after the meeting stating that, based on feedback, FCPS will not pursue raising school meal prices, but will still consider selling real estate.
Budget Update From the Superintendent to Families by LEX18News
After the meeting, Commerce Lexington released a statement commending the board for no longer considering the occupational license tax and bringing forward other solutions.
We appreciate that the school board listened to the Budget Solutions Work Group and the community as it finalizes a budget that will support the continued success of FCPS students. We remain committed to collaborating with Dr. Liggins and the district to find additional long-term solutions as we work toward increased budget stability together.
