LOUISVILLE, Ky. — The Jefferson County Board of Education has until January to receive a 2026-27 budget that addresses the district’s $188 million deficit. The board then has until September to approve it.

The working deficit right now is $188,462,757, and more budget reductions will be needed for the 2026-27 school year.

The district needs to cut an additional $80 million from the upcoming school budget, for a total of $188 million.

JCPS Chief Financial Officer Eddie Muns warned that the district's cash flow will dry up by October 2026 if the current level of spending continues.

Credit: Aspen Hester/WHAS11 Eddie Muns, JCPS Chief Financial Officer, at the Revenue Advisory Task Force.

"The signs are irrefutably clear. Next fall, we will be selling off assets in order to pay payroll

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