TOPEKA, Kan. (Legal Newsline) — Kansas Attorney General
Derek Schmidt has announced the state has received its annual tobacco settlement
payment of $59,124,916.31.
The monetary sum is equal to the estimate Schmidt provided
last fall to the consensus revenue estimators.
“We continue our efforts to keep the state’s annual payment
received each April from the master settlement agreement (MSA) as stable as
possible,” Schmidt said. “However, because several variables have converged,
predicting the anticipated amount of receipts over the next few years will be
April 2018 marks the end of strategic contribution fund
payments made to the state under the original MSA, which will result in a
sizable decrease in annual money received by Kansas. At this time, the state
cannot predict how much the reduction will be, and this type of variable can
often undermine the stability of the state’s annual receipts, Schmidt's office said.