An investment banking company has briefed Kansas officials on its expertise in tobacco settlement payments as child advocates say the state is pursuing a future sale to help close the budget deficit.
but that doesn’t mean he recommends that the governor and Legislature tap that fund. My preference is that they would have a balanced budget, that you don’t spend more than what you bring in revenue.
Tobacco bonds are an important constituent group in high yield municipal bond portfolios, especially in some mutual funds or ETFs. Because of their complex structures, their behavior can be counterin
Tax Hike Veto a Negative Credit Factor for Kansas. liquidation of a capital reserve, sale of a tobacco settlement securitization bond to be used for current budget relief, and underfunding of.
“I mean, we’ve got a global commodity market that’s fallen. country and to exacerbate that with a tax increase I don’t think is the right way to go. Kansas is not the only state in the region.
The Kansas budget director rebutted concerns on Friday that selling off annual payments that go toward children’s programs could harm the state’s credit rating, after a ratings agency cited.
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Press Releases from Tobaccofree.Org Recent news articles patrick reynolds’ bio list of past media ON PETER JENNINGS’ DEATH FROM lung cancer sun valley, ID, August 8, 2005 TENNESSEE RANKS LAST AMONG STATES IN TOBACCO PREVENTION SPENDING June 23, 2004, Los Angeles, distributed to media in Tennessee Patrick Reynolds, Grandson of Tobacco Magnate, says Tobacco Securitization Proposal [.]
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*8.550. Tobacco securitization settlement trust fund established, source of fund moneys, uses – qualified tax-exempt expenditure account and taxable expenditure account authorized. – 1. A tobacco securitization settlement trust fund is established, separate and apart from all other public moneys or funds of the state, under the control of the authority.
Kansas was one of 46 states that won a lawsuit against the nation’s four largest tobacco companies in 1998. The states sought money to cover the health care costs of smoking. Kansas receives annual payments based on cigarette sales as a result.
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moody’s assigns ratings of a1, a2, a3 and baa2 to tobacco securitization authority of southern california, tobacco settlement asset-backed bonds, series 2001a and b Moody’s Investors Service