Michigan Budget Could See Major Hit from Smaller Tobacco Payments MITECHNEWS.COM reports that Michigan could lose $49.3 million of its anticipated $274 million in the Tobacco settlement. Companies involved say they have lost market share and argue that they should be able to drop payments by 18%, a decision that could weigh heavily as the state prepares its 2007 budget, and could impact the plans for the state to invest $2 billion to develop high-tech business. Read Michigan Could Lose $50 Million If National Tobacco Settlement Scaled Back in the MITECHNEWS.COM Also see Smoking rates drop 20 percent following tobacco settlement in the Detroit News Related Areas Articles Business Business > Computers & Technology Business > Health & Medical Business > Industry & Manufacturing Community Community > Government Five Things You Need to Know about Michigan More Links Latest Michigan news & stories from Absolute Michigan!   Main Michigan News Page Posted/updated Mar 13, 2006 by Andrew McFarlane (Absolute Michigan) Go Back One Page

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