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.


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.

Comment On This Story

Become a subscriber to join the discussion.
Section Emails

Sign up to get the latest articles from the Metro section.

Manage Your Email Subscriptions