Reeves Noncommittal on Schools’ Rainy Day Funds

AP/Sun Herald:Reeves noncommittal on schools’ rainy day funds

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.