AN ACT relating to school district finances.

Create a new section of KRS Chapter 160 to establish the calendar and procedures for a district superintendent and local board of education to adopt a school district budget; require that a budget must include a reserve of not less than 2%; amend KRS 160.431 to require the annual financial report and the Kentucky Department of Education's written report be published on the district financial disclosure website; amend KRS 160.463 to require a school district…

Introduced: January 21, 2026

Last action: February 3, 2026

To Committee On Committees (H)

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This bill sets new rules for how Kentucky school districts create and approve their budgets, including a requirement that each district keep a financial reserve of at least 2%. It also requires school districts to maintain a public website where residents can view financial reports and other budget information. Who it may affect: local school district administrators, school board members, and community members interested in how their local district manages public education funds.

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