Spending the state’s tobacco settlement endowment funds - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Spending the state’s tobacco settlement endowment funds

OKLAHOMA CITY (AP) -- More than $4-million in earnings from Oklahoma's tobacco settlement endowment will be used in the next year to help smokers kick the habit.

State officials made the announcement at a news conference Friday.

The endowment fund's board of directors recently certified $3.4-million in investment income for use this fiscal year. The rest is carry-over funding from last year.

State Treasurer Robert Butkin says Oklahoma is the only state with a constitutionally protected endowment to combat tobacco addiction. The endowment currently stands at $168-million.

Oklahoma has one of the highest percentage of smokers in the country. About 600,000 Oklahomans -- or 25% of the adult population -- smoke.
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