Legislative panel reviews tobacco settlement reforms and the 4.7% distribution to program funding
A legislative panel reviewed 2024 changes that consolidated tobacco settlement receipts into a permanent fund and set a 4.7% annual distribution to programs, prompting members to press for higher prevention funding and schedule follow-up briefings with the Department of Health and the Attorney General's office.
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The Legislative Finance Committee held a briefing on the state's tobacco settlement funds and the 2024 reforms that moved all settlement receipts into a permanent fund and set an annual distribution of 4.7% of the fund's year-end balance to a program fund.
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