Holsman calls for $60 million in settlements to alleviate proposed budget cuts

The state of Missouri received roughly $60 million from two lawsuit settlements in the past few weeks, and Sen. Jason Holsman says it should go to restoring some of the budget cuts proposed by Gov. Eric Greitens.

The money comes from two settlements; $10 million comes from a multi-state settlement with the Moody’s Corporation, Moody’s Investors Service, Inc. and Moody’s Analytics, Inc. The company settled on Jan. 18 with the Justice Department, agreeing to pay a total of $864 million to 21 states and the District of Columbia.

The other $50 million stems from a unanimous decision by the Missouri Supreme Court, which allows the state to recoup $50 million it was owed from a 2003 settlement with tobacco companies.

Attorney General Josh Hawley and Secretary of State Jay Ashcroft announced Tuesday morning at a House budget hearing that the $10 million would be immediately remitted to the state’s general revenue fund.

Holsman, D-Kansas City, said that the additional funds should be used to restore the $52 million in cuts to services for approximately 20,000 Missourians living with disabilities.

Read more: The Missouri Times, Missourinet

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