Debate and Issues Archive

draft settlement

Colorado May Take Tobacco Settlement In Lump-Sum
The Colorado state Legislature's Joint Budget Committee appears reluctant to support state Treasurer Michael Coffman's proposal to take Colorado's tobacco settlement in a single $901 million payment.

The alternative is to take an estimated $2.7 billion (including inflation) over the next 25 years. Coffman believes a lump-sum payment would eliminate any risk of the tobacco companies declaring bankruptcy in the years to come.

USA TODAY, (8/26/99) "Colorado", p. A14
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