Lt. Gov. Reeves noncommittal on call for local school districts to tap reserves

It’s too early to decide whether local school districts should be required to tap into their financial reserves if there’s a dip in state education funding for the coming budget year, Lt. Gov. Tate Reeves said Monday.

When Gov. Phil Bryant, a fellow Republican, unveiled his budget last week, he recommended that the 152 local districts should use $73 million, collectively, from their rainy day funds. That would cover a proposed reduction in state funding for the year that begins July 1.

Reeves said 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 in the coming year.

AP
1/6/12