Development News for Winchester, Kentucky

School Board Approves Tentative 2026-2027 Budget Amidst Inflationary Pressures

The board reviewed and approved the tentative budget for the 2026-2027 school year. This budget includes allocations for various funds, with personnel costs being the largest expenditure. The board also discussed revenue sources, potential tax rate adjustments, and significant expense increases due to inflation, particularly in fuel and insurance costs. A key discussion point was the state's SEEK funding formula and its impact on local funding, where increased local property values lead to reduced state aid. The board approved a 2% raise for classified staff, contingent on revenue increases, and also approved the school activity fund budgets and pay schedules for the upcoming fiscal year.