LOUISVILLE, Ky. —

Leaders with Jefferson County Public Schools shared new details Tuesday about how the district is planning to tackle its $188 million budget deficit.

They said they plan to cut $132 million from next year's budget, which is about 70% of that shortfall.

Superintendent Dr. Brian Yearwood said the process for cuts will be guided by three main principles:

He stressed that there are no teacher layoffs planned at this time.

District officials are reviewing this year’s budget and are looking ahead to see what future cuts can be made to help reduce costs.

Chief Financial Officer Eddie Muns said selling off some of the district’s $80.6 million in investments is "unavoidable" at this point.

A special meeting of the Board of Education will be held Tuesday night to consider hi

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