Budget & Tax
Jonathan Small | May 4, 2018
More money, more problems
It’s been busy lately, so you may not have noticed that the state of Oklahoma received $71 million from the Tobacco Master Settlement Agreement.
Of that amount, the Oklahoma attorney general received a little over $4 million. The state general fund collected a little over $13 million.
The real winner was the Tobacco Settlement Endowment Trust. TSET received a little more than $53 million. Don’t worry; they’ve got a safe place to keep it. They will add that $53 million to the $1.1 billion they are already sitting on.
Read the rest over on The Journal Record.
Jonathan Small, C.P.A., serves as President and joined the staff in December of 2010. Previously, Jonathan served as a budget analyst for the Oklahoma Office of State Finance, as a fiscal policy analyst and research analyst for the Oklahoma House of Representatives, and as director of government affairs for the Oklahoma Insurance Department. Small’s work includes co-authoring “Economics 101” with Dr. Arthur Laffer and Dr. Wayne Winegarden, and his policy expertise has been referenced by The Oklahoman, the Tulsa World, National Review, the L.A. Times, The Hill, the Wall Street Journal and the Huffington Post. His weekly column “Free Market Friday” is published by the Journal Record and syndicated in 27 markets. A recipient of the American Legislative Exchange Council’s prestigious Private Sector Member of the Year award, Small is nationally recognized for his work to promote free markets, limited government and innovative public policy reforms. Jonathan holds a B.A. in Accounting from the University of Central Oklahoma and is a Certified Public Accountant.