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New Tobacco Settlement Means $217 Million For Indiana Over Next Two Years

Cigarettes
Cigarettes

 

Indiana Attorney General Gregg Zoeller says that major tobacco companies will pay the State of Indiana $217 million over two years as part of a settlement reached this week.

The money is supposed to reimburse the state for health costs of smoking-related diseases. In addition to the $217 million over two years, Indiana will also receive between $110 million and $115 million each year from 2019 through 2024

The agreement will fund programs determined by Indiana lawmakers that are dependent on tobacco sales.

The ironic part of this is that, if more people quit smoking, which is what lawmakers and health care professionals want, the state will make less money.

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