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Reeves Firm in Stance Against State Bond Issue

Posted by Steve Rogers | July 18, 2012 / 03:53pm | Local News, Political, Business
TUPELO, Miss. (WCBI) -- Lt. Gov. Tate Reeves is holding firm to his position the state doesn't need to follow its traditional pattern of issuing bonds every year for capital projects.

The Legislature adjourned this year without coming to an agreement on issuing bonds for everything from university buildings to bridge repair and fire trucks. The House wanted to issue as much as $300 million while Reeves and the Senate would agree to only a fraction of that.

Despite pressure from a variety of groups, Reeves has stood firm against efforts to call a special session to address the issue. He doesn't plan on changing his position.

"We're not going to do business as usual anymore. We're not going to issue hundreds and hundreds and hundreds of millions in bonds that my kids and our kids and our grandkids will have to pay...we're just simply not going to do it," Reeves said.

Reeves was in Tupelo to speak to a youth leadership seminar.
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