Reeves noncommittal on schools' rainy day funds

By Emily Wagster Pettus/The Associated Press

JACKSON — Lt. Gov. Tate Reeves isn’t saying whether he thinks local districts should be required to tap into their financial reserves if there’s a dip in state education funding.

Reeves says the state shouldn’t “punish” districts that have been good stewards of taxpayer money.

However, he didn’t rule out Gov. Phil Bryant’s recommendation that 152 local districts should use $73 million, collectively, from their rainy day funds. Bryant says the districts held $615 million last June 30.

Bryant and Reeves are both Republicans.

Reeves says he wants to wait a few weeks to see how state tax collections are looking. That might allow legislators to increase the estimate of how much money the state can spend on education and other services for the year that begins July 1.

Click video to hear audio