What was the total settlement amount initially, for political subdivisions?
Approximately $2.3 billion. Of this amount, $450 million was deposited into a “lump sum trust account” and distributed to political subdivisions. The remainder, approximately $1.8 billion, was deposited into a “permanent trust account” and political subdivisions will receive pro rata distributions annually from the investment of the trust.
Related Questions
- If passed wouldn’t this measure make it difficult for political subdivisions to budget if they wished to increase their budgets more than their prior budget plus the CPI?
- What was the total settlement amount initially, for local political subdivisions?
- What was the total settlement amount initially, for political subdivisions?
