Despite crisis, state leaving plenty in $4B reserves

By , Daily Memphian Updated: June 08, 2020 4:29 PM CT | Published: June 08, 2020 10:45 AM CT

The Lee Administration will take about $600 million from its $4 billion in reserves to bolster the budget this year and next, but it won't go deep into those funds, instead opting to add more to the rainy day fund.

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Jeff Yarbro Butch Eley Randy McNally Cameron Sexton
Sam Stockard

Sam Stockard

Sam Stockard is a Nashville-based reporter with more than 30 years of journalism experience as a writer, editor and columnist covering the state Legislature and Tennessee politics for The Daily Memphian.


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