Y’all Archive
As part of its launch, Magnolia Tribune acquired the assets of Jackson New Media, which included Y'all Politics. The articles which predate January 2, 2023, were produced by Y'all Politics and are presented herein as a historical archive. Magnolia Tribune is not responsible for the content.
Mike Moore: Tapping fund is ‘a shame’
Ex-AG: Tapping fund is 'a shame'
"I think it's a betrayal. It's a betrayal of the trust of the people and it's a shame," said Moore, who orchestrated that battle with tobacco litigator Dickie Scruggs. (YP Note: Scruggs is in federal prison for 7 years for bribing 2 judges)
Today, lawmakers are using tobacco settlement funds to balance the 2010 budget, and plans are to draw down the rest over several years.
Even Gov. Haley Barbour, who consistently preaches against spending one-time money on recurring expenses, said the state might as well tap the account dry since it has been raided year after year.
There is $220 million in the principal fund balance, down from more than $650 million in 2004.
Clarion Ledger
2/27/10