Last updated 10:14AM ET
October 20, 2017
WOUB Local News
WOUB Local News
Officials concerned about pitfalls over tobacco payments
(2007-07-24)
(WOUB) - State officials say urgency is a key in Ohio's plan to sell future payments from the landmark lawsuit settlement with tobacco companies at their maximum value.

Officials handling the five billion dollar sale say that's because of uncertainty over a cigarette tax increase pending in Congress, the legal landscape and other factors.

The Buckeye Tobacco Settlement Financing Authority held its third meeting today, less than two months after the Legislature authorized Governor Strickland's plan to make the deal. The authority plans to begin selling off the promise of future payments by late October.

(Copyright 2007 by The Associated Press. All Rights Reserved.)
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