An institution Kentucky schools have relied on for years has gone under and school districts across the state are having to pay to cover its outstanding liabilities. The Kentucky School Board Insurance Trust will go out of business in June and local districts will have to pay their part of 60 million dollar in past insurance claims. Neither Trigg nor Christian County has been told how much their district is going to be required to pay but some larger districts like Fayette and Jefferson will have to pay upwards of 1 million dollars.
Trigg County Superintendent Travis Hamby says while they haven't been told how much they owe they did used the program in the 2000's.
Christian County Superintendent Mary Ann Gemmill says they've been given options on how to repay whatever they owe.
Officials say about 40 percent of Kentucky's 174 school districts used KSBIT for workers comp and general liability.
WebReadyTM Powered by WireReady® NSI