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Tobacco Settlement Endowment Trust Pushes Back At Report Critical Of Spending


By: Storme Jones
OKLAHOMA CITY -
A state watchdog is questioning how the Tobacco Settlement Endowment Trust (TSET) spends millions of dollars every year.
The trust spends more than $50 million each year from the interest accrued on proceeds from a late 90s lawsuit against big tobacco.
“We specifically looked at the way the agency was spending money and couldn t see correlation to outcomes in terms of people stopping using the product,” LOFT Executive Director Mike Jackson said.
According to his team’s report, Oklahoma ranks eighth in the nation for tobacco sensation spending, but still has one of the worst smoking rates. Oklahoma is the 40th worst for adult smoking and 44th worst for youth smoking, according to the report. ....

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