New Mexico Gets $50M Tobacco Settlement Payment
New Mexico this year will receive the largest tobacco settlement payment it has ever received from the industry.
The state attorney general’s office made the $50 million announcement this week, saying the payment includes an additional $14.5 million as a result of a court ruling in which the judge sided with New Mexico over allegations that the state had been shortchanged by the industry.
Attorney General Hector Balderas said the payment will ensure additional funds are funneled to public education and health programs.
Other programs funded by the settlement money include cancer screening, smoking cessation and services for HIV patients.
- Southeast Seas Rising Faster Than Other Regions, ‘Turbocharging’ Floods, Report Finds
- Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress
- Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse
- Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court