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Official wants tobacco money in trust fund 

Jump to full article: Rocky Mountain News (Denver, CO), 1998-12-15
Author: John Sanko News Capitol Bureau

Intro:

But he hopes he can convince officials to put the rest in a Tobacco Settlement Trust Fund portfolio. By the year 2026, he predicts that portfolio could earn $207.5 million in interest, which would be enough to fund all of the programs started in the first year with more than $130 million left over.

"They're already haggling over spending the first year's allotment, but if we put it all in a trust fund, in six years alone there would be interest income that would equate to the entire general fund budget for the Department of Public Health -- about $20.7 million."

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Quotes from this article:

They're already haggling over spending the first year's allotment, but if we put it all in a trust fund, in six years alone there would be interest income that would equate to the entire general fund budget for the Department of Public Health -- about $20.7 million.
State Treasurer-elect Mike Coffman wants Colorado to put most of its $2.7 billion in tobacco settlement money into a Tobacco Settlement Trust Fund portfolio. Quoted in <i>Official wants tobacco money in trust fund</i>