Financing Strategically

The Tobacco Master Settlement Agreement was entered in November 1998, originally between the four largest United States tobacco companies and the attorneys general of 46 states. Several states, such as Kentucky and Kansas, use a portion of the state’s share of the tobacco settlement to fund early care and education. Kentucky allotted 25 percent of its settlement, or $56 million over two years, beginning in state fiscal year 2000.[28] The state continues to use tobacco settlement funds to support early learning.[29]


[28] National Conference of State Legislatures. (2000). State allocation of tobacco settlement funds. Retrieved from

[29] Kentucky Legislature. (2016). Tobacco settlement agreement fund oversight committee [Web page]. Retrieved from