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State to fill budget holes by borrowing against tobacco fund

NOVEMBER 15, 2017 | by Katie Meyer | NPR PITTSBURGH

By Katie Meyer, includes “The Wolf administration confirmed Tuesday that it will tap into the stream of money states have received from tobacco companies since the 1990s. The borrowing will give the commonwealth money to balance its books up front, and will then be paid back over several decades. …Currently, the Tobacco Fund allocates nearly $16 million annually for smoking cessation programs, according to the American Lung Association. A spokesman for Wolf said the borrowing won’t affect that money. But the association’s Deb Brown said she’s still worried.”

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