Journal Article

Securitizing tobacco settlements: the basics, the benefits, the risks

Abstract: In this time of fiscal hardship for American states, governors and legislators across the country are searching for ways to make up for revenue shortfalls. Partly because of the severity of the revenue crisis, innovative and unconventional means of raising cash have begun to surface. One of these approaches, the topic of this article, is the securitization of tobacco settlement revenues.

Keywords: Tobacco industry; Fiscal policy - New England; Deficit financing - New England; Bonds - New England;

Access Documents

File(s): File format is application/pdf


Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Fiscal Facts

Publication Date: 2002

Issue: Win

Pages: 1-5

Order Number: 30