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Tobacco Funds Building Schools in Ohio

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Description

Ohio took a bold step in 2007 and collected a lump sum
of $5.05 billion by selling bonds against an estimated $18
billion in tobacco payments over the coming 40 years.
This marks a departure from previous use of the tobacco
settlement money, but given the time and place, it’s a shot
in the arm for a state economy in need of perking up.

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Date Added

07/23/2008
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