JCPS Weighs Line of Credit as It Addresses Budget Shortfall

JCPS weighs line of credit as it addresses budget shortfall

JCPS is considering a line of credit to cover up to two payroll cycles as the district works through ongoing budget and cash flow issues.

JCPS plans line of credit to pay staff amid $188 million budget shortfall

The borrowing would address potential cash shortfalls expected in the coming years, particularly during October and November.

JCPS considering taking out line of credit to pay staff amid budget shortfall

Jefferson County Public Schools is still figuring out solutions to address a $188 million budget shortfall, and taking out a line of credit could be an option.