Budget & Tax

More money, more problems

May 4, 2018

Jonathan Small

It’s been busy lately, so you may not have noticed that the state of Oklahoma received $71 million from the Tobacco Master Settlement Agreement.

Of that amount, the Oklahoma attorney general received a little over $4 million. The state general fund collected a little over $13 million.

The real winner was the Tobacco Settlement Endowment Trust. TSET received a little more than $53 million. Don’t worry; they’ve got a safe place to keep it. They will add that $53 million to the $1.1 billion they are already sitting on.

Read the rest over on The Journal Record.