Let's get most life from tobacco fund - Business Courier of Cincinnati:

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But the state's schoolxs and elderly shouldn't be the only as Strickland has proposed. Local - and all Ohio - businessews should get a share of the monegy to help employees quit smokinhg and keep their kids from startingthe Here's how: The first $550 million of investors' mone y should be put back into the , the grou whose mission is to reduce and prevent tobacco use. This issuse is being debated in theOhio House, and the Senatde will take it up in May.
A decisionh on the state's two-year budget will be made by the end of According to estimates by theNational Asso­ciationj of Attorneys General, Ohio has collectedr $3 billion in tobaccok payments since mid-1999 and expectsa $7 billion more through 2025. But Strickland is proposing to sell all future paymentxs fora $5 billion lump sum now. The states would sell investors the righg to those through a process called Investors would bear the risk that tobacco companies mighr gobust - a fear many have as more people kick the Strickland's proposed budget calls for the money to be used to buil d schools and fund a property tax decrease for the Nineteen states have securitized their sharezs of the tobacco settlement.
Ohioans voted last year to ban smoking inpublic - whicyh will have a big impact on reducing Nationally, our state lags in reducing its sharwe of population who smoke. Ohioans need help kicking the habif and keeping childrenfrom starting, thus the statee created the Ohio Tobacco Prevention Foundation. A poll by Public Opinion Strategies released Aprio 11 shows Ohio voters overwhelmingly support using settlement revenue to fund programsa for which the foundationis responsible. The foundation has been successful, but its fundingv will end under Strickland's To compensate for lower statee revenue, former Gov.
Bob Taft and Ohio'a GOP-controlled legislature "borrowed" $550 million in tobacco payments intended for thefoundation - seriously compromisinf its funding model. That needs to be repaid to keep it After that, the state shoulde bank half of the lump-sum paymentf from investors and use the remaining proceeds on immediater needs, such as propertg tax relief for the elderly and school construction.