MPACT: Inquiry is political for Reeves
State Treasurer Tate Reeves’ claim that key House leaders are engaging in a political ploy by issuing a subpoena to the Mississippi Prepaid Affordable College Tuition program’s actuary is an interesting bit of political spin.
Reeves, who has made no secret of his intentions to seek the Republican nomination for lieutenant governor in 2011, is in fact the only public official with any particular political liability if the state’s MPACT program’s unfunded liability is worse than the Legislature or state taxpayers have been told.
House Appropriations Commission Chairman Johnny Stringer and House Education Committee Chairman Cecil Brown, both Democrats, are seeking answers and information about the MPACT program in Mississippi – which is obligated under state law to pay the college tuition of some 25,000 current or future students. If the program gets in trouble, the Legislature will be forced to bail it out with taxpayer funds.
Clarion-Ledger
12/14/10
Magnolia Tribune
