It's been one week since Jefferson County Public Schools leaders told board members and the public that the district's financial state is far more troubling than they'd previously been led to believe .

In the time since, questions have swirled around why this reality wasn't revealed sooner, how dire the situation ultimately is and what can be done to turn things around .

Here's what we know so far.

What led to JCPS' dire financial state?

JCPS leaders have said for years that the district would soon face a fiscal cliff, meaning its budgeted expenses would need to shrink in order to make up for a shortage of revenue. That shortage stems from the expiration of federal COVID-19 relief funds — which funneled hundreds of millions of extra dollars into the JCPS' budget.

At the same tim

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