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Tobacco Settlement May Send

Welcomed Dollars To Otsego

Dan Crowell
Dan Crowell

COOPERSTOWN – County Treasurer Dan Crowell is reporting “a little good news for the budget” this morning:

The Wall Street Journal reports New York State and Big Tobacco have reached an agreement on releasing another $550 million in the tobacco settlement.

According to The Journal, half will go to the state, one quarter to New York City, and the final quarter – about $137 million – will be divided among the state’s 62 counties.

READ TODAY’S WALL STREET JOURNAL REPORT

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