Posts tagged: tobacco settlement

Raiding more trust funds horrible idea by state

Tweet Republicans in the North Carolina House of Representatives are taking aim at three trust funds set up to disperse half of North Carolina’s share of the national tobacco settlement, all in the name of balancing the state budget. The money flowing into the state from this settlement is part of the agreement the major tobacco companies made with states suing those firms, under which those companies promise to pay hundreds upon hundreds of mi ... Jump to full article >>

2 tobacco settlement funds end in NC House budget

Tweet RALEIGH, N.C. — House Republicans want to abolish two trust funds that receive half of North Carolina’s share of the national tobacco settlement and intercept money from the third – a direction health and economic development advocates contend will raise youth smoking rates and discourage economic recovery. The GOP-penned state budget proposal heading to floor debate Tuesday would eliminate by Dec. 31 the Health and Wellne ... Jump to full article >>

Amid allegations of ‘mishandling,’ suit asks to restore adultBasic

Tweet A Pennsylvania lawsuit asks that the governor be forced to reinstate adultBasic after the auditor general said the government used one-third of the money legally designated to health programs for other purposes. The state’s adultBasic, a health insurance program for about 41,000 low-income adults in Pennsylvania, ended after funding expired Feb. 28. Money for the program came from a combination of tobacco-settlement revenues and donations ... Jump to full article >>

Lawmakers advance measure to negotiate tobacco payments with tribes

Tweet A legislative bill calling for the state to negotiate with Native American tribes to make payments on cigarette sales so Nebraska can continue to receive millions of dollars through a national tobacco settlement got first-round approval Wednesday. Senators voted 38-0 to advance the measure, which faces two more rounds of consideration. Since 2003, the state has received $280 million to $300 million from the four largest tobacco companies as ... Jump to full article >>

AG: State Collects About $100M In Tobacco Settlement

Tweet Attorney General Jack Conway announced Wednesday that Kentucky, as required under the 1998 Master Settlement Agreement (MSA) between the major tobacco manufacturers and 52 states and territories, received its annual payment of nearly $100 million in tobacco settlement money this week. “The money Kentucky receives each year from the MSA provides funding for many invaluable programs -from agriculture to education,” Conway said. & ... Jump to full article >>

Senate panel approves liquidating tobacco-settlement reserve for med schools

Tweet Senate budget writers voted Thursday afternoon to liquidate an endowment containing more than $400 million of Texas’ tobacco-settlement money and give the money to 10 academic health science centers, including the University of Texas Southwestern Medical Center at Dallas. The centers would take a 15 percent cut in their state funding in the proposed two-year budget, said Senate Finance Committee Chairman Steve Ogden, R-Bryan. He said ... Jump to full article >>

Senators consider restoring disputed tobacco measure

Tweet A Senate subcommittee has asked for amendments that would restore Measure 3 and its stipulation that settlement dollars be spent on tobacco prevention. When the state Health Department’s budget came before the House, it was amended to allow tobacco settlement money, which in part goes to the Community Health Trust Fund, to be spent on programs outside of tobacco prevention and cessation. That vote overturned Measure 3, which was appro ... Jump to full article >>

NC GOP lawmakers target tobacco settlement money

Tweet RALEIGH, N.C. — The manufacture of Camels and Lucky Strikes kept tax dollars flowing in North Carolina during Big Tobacco’s heyday. Now lawmakers are asking if they should take long-protected cigarette company settlement money – while possibly settling a humbling chapter in the state’s past. Their target is money in the Golden LEAF Foundation, a private nonprofit organization chartered by the Legislature in 1999 to m ... Jump to full article >>

Tobacco funds could save state health care, says auditor general

Tweet Pennsylvania has burned through over $1 billion in tobacco settlement money that has floated away like a plume of smoke from its original mission. At least, that’s what Auditor General Jack Wagner says. “Today is a clarion call about where we’re going in the future,” said Wagner. The tobacco settlement sends $370 million a year to Pennsylvania – money that used to fund adultBasic and smoking cessation programs ... Jump to full article >>

The Big Tobacco lobby owns our representatives

Tweet With great fanfare and flatulence, Speaker of the U.S. House John Boehner announced that the newly elected Republican majority would be the “people’s house.” With great fanfare and flatulence, Speaker of the U.S. House John Boehner announced that the newly elected Republican majority would be the “people’s house.” This from the man who you can watch on video admitting that he passed out campaign contributions from the tobacco lo ... Jump to full article >>