Indiana to lose $63M in tobacco settlement funds
Last Updated: 48 days ago
INDIANAPOLIS - Indiana's share of tobacco settlement funds will drop by about $63 million next year.
The Indianapolis Business Journal reports (http://bit.ly/1bCC5LC) a three-judge arbitration panel last month decided to decrease Indiana's share from about $131 million a year to $68 million because it was among six states that failed to do enough to collect funds from cigarette companies that weren't part of the original settlement in 1998. The money Indiana receives from that settlement is used for programs that help people stop smoking and tries to prevent others from starting.
State Rep. Greg Porter, D-Indianapolis, says his caucus learned about the ruling this week from the attorney general's office. He says losing the funds will harm the state's ability to fund a number of programs designed to promote a healthy Indiana.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.