ATTORNEY GENERAL LISA MADIGAN’S OFFICE COLLECTED NEARLY ONE BILLION DOLLARS IN STATE REVENUE LAST YEAR.
MADIGAN’S OFFICE IS DOING IT’S PART TO BRING IN MORE MONEY FOR THE STATE'S COFFERS. SHE SAYS PART OF THAT COMES FROM THE HUGE TOBACCO SETTLEMENT FROM YEARS AGO AND NUMEROUS OTHER SOURCES.
MILLIONS WERE ALSO RECOUPED IN SETTLEMENTS WITH PHARMACEUTICAL COMPANIES FOR DECEPTIVE PRACTICES AND FROM A BIG SETTLEMENT WITH STANDARD AND POOR’S OVER ISSUES WITH MORTGAGE BACKED SECURITIES.
THE MONEY COMES FROM BASIC COLLECTIONS…MONEY OWED TO STATE AGENCIES FOR THINGS LIKE DAMAGE TO STATE PROPERTY, FINES AND CHILD SUPPORT ENFORCEMENT.
MADIGAN SAYS THIS MONEY ALL GOES TO THE STATE AND DOES NOT INCLUDE THE MORE THAN 100 MILLION DOLLARS PAID OUT IN RESTITUTION TO CONSUMERS.
