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A publication of the Office of the State Treasurer • Treasurer Ken Miller, Ph.D. Economic Report TM Oklahoma News and analysis of Oklahoma’s economy State Capitol Building, Room 217 • Oklahoma City, OK 73105 • (405) 521-3191 • www.treasurer.ok.gov Volume 5, Issue 10 • October 30, 2015 SEE TSET PAGE 3 In 2000, voters approved a constitutional amendment to set aside a portion of Oklahoma’s payments from the Master Settlement Agreement to combat the state’s poor health outcomes. The Master Settlement was the resolution of a multistate lawsuit against Big Tobacco for marketing tobacco to children and high costs to states who were shouldering the burden of tobacco-related illnesses. While many states took up-front payments to meet immediate needs, Oklahomans made a wise choice to create an endowment trust, established so earnings and interest could be used to reduce unhealthy behaviors in our state and lessen tobacco’s toll on Oklahoman’s lives. Outcomes and impacts continue to show that voters made a wise choice that will impact generations to come. Oklahoma’s health problems are complex and it takes a comprehensive approach to make progress in reducing and preventing tobacco use and obesity. These two preventable behaviors are the greatest contributors to Oklahoma’s leading causes of death – cancer and cardiovascular disease. Tobacco Settlement Endowment Trust (TSET) funding leverages the state’s efforts to reduce these deaths that impact Oklahomans at higher rates than residents in other states. November marks the 15th anniversary of the voter creation of TSET, a grant-making state agency dedicated to improving Oklahoma’s health status. Each year, 75 percent of the Master Settlement Agreement payment is invested through the endowment, generating earnings. The remaining 25 percent is split between the attorney general’s evidence fund and the Legislature, where it is used for health-related appropriations. TSET: Saving lives, saving money Inside • Commentary by TSET Board of Directors Chairman Jim Gebhart • Gross Receipts to the Treasury continue to shrink in September •Gross receipts and General Revenue compared • Oklahoma jobless rate decreases to 4.4 percent in September • Economic indicators Editor Tim Allen, Deputy Treasurer for Communications Source: Centers for Disease Control and Prevention Oklahoma Adult Smoking Rate 10% 15% 20% 25% 30% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 NOTE: Survey methodology changed for the 2011 survey and forward. Data sets are similar, but not directly comparable.
Object Description
Okla State Agency | Treasurer, Oklahoma State |
Okla Agency Code | '740' |
Title | Oklahoma Economic Report : news and analysis of Oklahoma's economy, 10/30/2015, v.5 no.10 |
Authors |
Oklahoma. State Treasurer. |
Publication Date | 2015-10-30 |
Frequency | Monthly |
Publication type |
Newsletter |
OkDocs Class# | T1400.6 E19r 10/30/2015, v.5 no.10 |
For all issues click | T1400.6 E19r |
Digital Format | PDF, Adobe Reader required |
ODL electronic copy | Filed through Documents.OK.Gov submissions system |
Rights and Permissions | This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders. |
Language | English |
Month/year uploaded | November 2015 |
Date created | 2015-11-10 |
Date modified | 2015-11-10 |
Description
Title | Page 1 |
Full text | A publication of the Office of the State Treasurer • Treasurer Ken Miller, Ph.D. Economic Report TM Oklahoma News and analysis of Oklahoma’s economy State Capitol Building, Room 217 • Oklahoma City, OK 73105 • (405) 521-3191 • www.treasurer.ok.gov Volume 5, Issue 10 • October 30, 2015 SEE TSET PAGE 3 In 2000, voters approved a constitutional amendment to set aside a portion of Oklahoma’s payments from the Master Settlement Agreement to combat the state’s poor health outcomes. The Master Settlement was the resolution of a multistate lawsuit against Big Tobacco for marketing tobacco to children and high costs to states who were shouldering the burden of tobacco-related illnesses. While many states took up-front payments to meet immediate needs, Oklahomans made a wise choice to create an endowment trust, established so earnings and interest could be used to reduce unhealthy behaviors in our state and lessen tobacco’s toll on Oklahoman’s lives. Outcomes and impacts continue to show that voters made a wise choice that will impact generations to come. Oklahoma’s health problems are complex and it takes a comprehensive approach to make progress in reducing and preventing tobacco use and obesity. These two preventable behaviors are the greatest contributors to Oklahoma’s leading causes of death – cancer and cardiovascular disease. Tobacco Settlement Endowment Trust (TSET) funding leverages the state’s efforts to reduce these deaths that impact Oklahomans at higher rates than residents in other states. November marks the 15th anniversary of the voter creation of TSET, a grant-making state agency dedicated to improving Oklahoma’s health status. Each year, 75 percent of the Master Settlement Agreement payment is invested through the endowment, generating earnings. The remaining 25 percent is split between the attorney general’s evidence fund and the Legislature, where it is used for health-related appropriations. TSET: Saving lives, saving money Inside • Commentary by TSET Board of Directors Chairman Jim Gebhart • Gross Receipts to the Treasury continue to shrink in September •Gross receipts and General Revenue compared • Oklahoma jobless rate decreases to 4.4 percent in September • Economic indicators Editor Tim Allen, Deputy Treasurer for Communications Source: Centers for Disease Control and Prevention Oklahoma Adult Smoking Rate 10% 15% 20% 25% 30% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 NOTE: Survey methodology changed for the 2011 survey and forward. Data sets are similar, but not directly comparable. |
Date created | 2015-11-10 |
Date modified | 2015-11-10 |