OCPA’s Center for Investigative Journalism revealed some shocking news this week about the spending habits of Oklahoma’s Tobacco Settlement Endowment Trust (TSET). TSET is a state agency created to fund programs that help people quit smoking and help pay for the costs of smoking-related health care.
TSET was formed as a result of the state’s lawsuit against tobacco companies in the 1990s, and currently sits on an endowment worth over $1 billion. It brings in and spends about $50 million every year on tobacco cessation campaigns or health issues related to tobacco use. Or rather, that’s what TSET is supposed to use the money for.
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