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Resource ID: #27060
Subject: Tobacco
Source: ProPublica
Affiliation: 
Date: August 7, September 11, October 23, October 24, November 17, December 23, December 24, December 30

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Description

A landmark 1998 settlement with Big Tobacco awarded states billions of dollars a year to offset the health-care costs of smoking. But what seemed like a boon quickly became a debt trap for many state and local governments when they used it to promise investors billions in the future in exchange for cash advances.

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