One Ohio Agreement

COLUMBUS, Ohio (AP) — Ohio`s governor, attorney general and dozens of local governments are on the verge of reaching an agreement on sharing the proceeds of a potentially huge comparison with the opioid industry, hoping to avoid mistakes in the national tobacco regime. The 1998 framework agreement between Ohio and more than 40 other states and territories and Big Tobacco Companies is a cautionary story. Ohio`s share, estimated at $10 billion a year over the first 26 years, was diverted over time to cover K-12 and university construction projects — and eventually cashed in to pay for tax exemption and other programs. Hundreds of Ohio municipalities, along with the state`s governor and attorney general, are on the verge of reaching an agreement on how to distribute funds that could come from a major federal lawsuit against opioid manufacturers and distributors, an attempt to ensure fairness in awarding a potential transaction to compensate for the ravages of the country`s opioid epidemic. The move toward a deal comes after more than 20 attorneys general this month signed a letter rejecting an $18 billion deal proposed by three of the country`s largest opioid distributors. The “OneOhio” deal was announced Wednesday afternoon by Attorney General Dave Yost and Gov. Mike DeWine, who have worked for months to convince local governments to join the persecution.