Roughly $600 million will flow into the Massachusetts General Fund this fiscal year from tobacco companies, the result of a new agreement Attorney General Andrea Campbell struck to resolve seven years worth of disputes stemming from payments owed under the 1998 nationwide tobacco settlement.
The new agreement is the largest resolution in recent history of the attorney general's office, officials said. In addition to the $600 million coming in fiscal 2025, Campbell's office said the deal also requires tobacco companies to"make additional payments totaling tens of millions of dollars each year going forward.
Though Massachusetts received between $100 million and $315 million through the settlement each year, Campbell's office said certain manufacturers withheld funds on an annual basis due to a contractual adjustment, leaving in dispute hundreds of millions of dollars that states argued should be owed to them. Those disputes led to arbitration and the agreement that Campbell announced this week.
"Accordingly, Massachusetts will receive greater and more consistent annual payments going forward," Campbell's office said."While the AGO is at odds with the major tobacco companies on nearly every ground, such resolution is not possible without the cooperation of all parties and counsel." Through 2023, Massachusetts had actually received about $6.2 billion in tobacco settlement payments, according to a database maintained by health policy nonprofit KFF. The amount changes each year, ranging from a low of $99.7 million in 1999 to a high of $315.2 million in 2009, though the annual amount is generally in the ballpark of $250 million.
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