![Lafayette School System Is Facing A $12 Million Budget Deficit](http://townsquare.media/site/36/files/2012/09/School-Lockers-Flickr-User-FredoAlvarez.jpg?w=980&q=75)
Lafayette School System Is Facing A $12 Million Budget Deficit
Lafayette Parish School System's Chief Financial Officer Billy Guidry told school board members during a Tuesday workshop that the system is facing a $12 million budget deficit.
The deficit comes even though there have been increases in both sales and property tax revenue.
Guidry sites ongoing budget cuts and rising retirement costs are the major contributing factors to the projected deficit.
Guidry says the general fund and potential cuts are going to be discussed at a workshop in the future.
School board members spend time during yesterday's workshop reviewing renovation projects, construction and improvements to facility projects.
More From News Talk 96.5 KPEL
![Lafayette Parish School Board Votes to Move Gifted, Immersion Programs from Paul Breaux Middle](http://townsquare.media/site/36/files/2024/03/attachment-Untitled-design-2024-03-07T160754.794.jpg?w=980&q=75)
![LPSS Release Addresses Some Concerns Surrounding Rumored Closure of Paul Breaux Middle School](http://townsquare.media/site/36/files/2024/03/attachment-Untitled-design-2024-03-07T160754.794.jpg?w=980&q=75)
![Lafayette Parents Rally Over Paul Breaux Middle Closure Rumors](http://townsquare.media/site/36/files/2024/03/attachment-Paul-Breaux-Middle-School-Closure.jpg?w=980&q=75)
![School Board Agrees to Jump Start Projects at 4 Lafayette High Schools](http://townsquare.media/site/33/files/2020/06/RS27985_ThinkstockPhotos-1063861751.jpg?w=980&q=75)
![Livestreaming Video on Lafayette School Buses Proposed by LPSS](http://townsquare.media/site/155/files/2018/01/School-Bus-Edited1.jpg?w=980&q=75)
![Acadiana High School Student Tazed, Arrested After Incident on Campus](http://townsquare.media/site/34/files/2021/08/attachment-Screen-Shot-2021-08-20-at-2.56.11-PM.jpg?w=980&q=75)
![Lafayette Parish School Board Votes to Remove Mask Mandate on Campuses “Effective Immediately”](http://townsquare.media/site/34/files/2021/06/kelly-sikkema-RYABMCLP7aM-unsplash.jpg?w=980&q=75)
![Special Lafayette Parish School Board Meeting](http://townsquare.media/site/33/files/2017/11/Lafayette-High-School-KPEL-Photo.jpg?w=980&q=75)
![Lafayette Parish Teachers to Get Bonus Check](http://townsquare.media/site/36/files/2020/07/Screen-Shot-2020-07-22-at-6.11.48-PM.jpg?w=980&q=75)