The Student News Site of University of Central Missouri

Muleskinner

The Student News Site of University of Central Missouri

Muleskinner

The Student News Site of University of Central Missouri

Muleskinner

Officials estimate Mo. to lose out on $70M

(JEFFERSON CITY, Mo., AP) — Missouri officials expect the state will lose out on $70 million because of an arbitration case with tobacco companies.

The attorney general’s office says a three-judge arbitration panel recently sided with more than 30 cigarette manufacturers’ claims that Missouri failed to diligently enforce state tobacco laws in 2003. That was a requirement of the 1998 settlement between states and tobacco companies.
The money is to be deducted from a payment Missouri receives through a 1998 legal settlement with tobacco companies and states. Officials estimate Missouri will get $60 million this upcoming April instead of $130 million.

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Officials estimate Mo. to lose out on $70M