Debate and Issues Archive

draft settlement

Illinois Treasurer Suggests Interest-Only Spending Of Settlement
Illinois stands to double its $9 billion share of the tobacco settlement if they invest the funds wisely, according to state Treasurer Judy Topinka.

Speaking at a legislative committee, Topinka recommended investing the $350 million annual payment and spending only the interest accrued. By her estimate, the state will have amassed $10 billion over 30 years from the interest alone.

USA TODAY, (8/18/99) "Illinois", p. A8
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