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AG Sends Settlement Money to General Fund

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AG Sends Settlement Money to General Fund
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Attorney General Jim Hood
Kobee Vance

Mississippi's general fund budget has a nearly $37,000,000 addition. As MPB's Kobee Vance reports, the money comes from several large legal settlements.

Attorney General Jim Hood announced the settlement monies recently collected from nine different entities. Hood, who is the Democratic candidate for Mississippi governor, is recommending legislators spend the money on early childhood education programs.

“That is something that is vitally important to our state for growth in the future. It exponentially increases their vocabulary. My recommendation on this $36 million is that it will spend on our children, particularly those in 4-K," says Hood.

Republican Sen. Brice Wiggins of Pascagoula serves on the Senate Education Committee. He supports the money going towards education, but says the state also has other needs.

“The funds are already trending up. We’re over the budget projections. We’ve filled the rainy day fund. You know, there are a lot of needs, of course we want to see education. We talked about pay raises, you know that may be continued from this last year. But certainly education is always at the top," says Wiggins.

The majority of the settlement monies come from companies that include Equifax, Wells Fargo, and GlaxoSmithKlein.