Kansas Receives Tobacco Money

By: 13 News
By: 13 News

A settlement from ten years ago but millions of dollars into the state's bank account Friday.

Attorney General Steve Six says Kansas received more than $66.3 million in its annual payment from the 1998 tobacco Master Settlement Agreement.

"We're happy to announce that Kansas received a significantly larger payment this year than last, but we do recognize that two out of three major tobacco manufacturers have withheld a portion of their payment to the MSA States," Six said in a statement. "My office will continue to fight to maintain the important annual payments to our state."

This year's Kansas payout includes $15 million from the Strategic Contribution Fund. It's the first year Kansas received money from that fund. All together, states involved in the settlement received nearly $7 billion. Since the agreement was first executed, tobacco companies have paid out almost $60 billion.

Three major tobacco manufacturers make the large majority of the payments - Philip Morris, Reynolds American and Lorillard. Six says only Philip Morris made its payment in full. The other two paid about 75-percent and put the rest into a disputed payment account.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 17924504 - wibw.com/a?a=17924504
Gray Television, Inc.