- Few Southeast students face suspension, expulsion for sexual assaults, campus paper finds (4/25/17)6
- Perryville family organizing bone-marrow drive Friday for ailing 6-year-old boy (4/26/17)
- Woman battered after smashing boyfriend's meth pipe against wall, police say (4/25/17)1
- Pilot House goes smoke-free (4/23/17)10
- Temptations bassist dies after Cape Girardeau show (4/26/17)2
- Event includes the first public tour of 200-year-old Elmwood Manor (4/23/17)3
- BBB warns Jackson man's online business might not be legit (4/24/17)
- Cape couple turns their home into cozy, comfortable music venue (4/24/17)
- State Supreme Court rules against congressman's mother in dog-kennel defamation case (4/27/17)1
- Sikeston man charged in shooting death of Cape man (4/23/17)
State budgets scarf up tobacco payments
Spending taxpayers' money not only corrupts bureaucrats who have the authority to spend (see editorial above), it also affects elected officials whose tasks include balancing state budgets. As a result, billions of dollars in anticipated tobacco-settlement payments are being sold off to plug holes in state budgets, which is a far cry from the noble-sounding refrains that were sung so loudly when 46 states targeted the deep pockets of Big Tobacco.
While Missouri's governor has proposed using tobacco payments already received to shore up the state budget this year, other states are taking some or even all of anticipated tobacco payments over the next 25 years in a lump sum to be repaid with the tobacco money as it trickles in. Thus, Wisconsin is looking at a plan to raise $1.3 billion this year to be paid off over the next 25 years with all of the $5.9 billion the state expects to get from the tobacco settlement.
Of course, if the states had stuck to plans to use a big chunk of the money for anti-smoking campaigns, there probably would have been less money to fritter away on other programs. And guess what is one of the most popular ways to increase taxes this year? A big bump on tobacco products.
Welcome to State Budgeting 101.