LEXINGTON, Ky. (ABC36 NEWS NOW) — Fayette County Public Schools Superintendent Demetrus Liggins is alerting district leaders and stakeholders about a significant drop in the school system’s carry-forward balance for the 2025-26 budget year, citing multiple factors that will reduce the amount available compared to earlier projections.
In an email to the district’s Budget Solutions Work Group and other stakeholders, Liggins said preliminary figures show the beginning balance for this year’s budget will likely range between $15 million and $22 million — far lower than the $42 million listed in the Tentative Budget adopted in May. He emphasized that while the district is still in good financial standing, the reduction creates a challenge that must be addressed.
“We are not alone in facing