Title
Direct Proceeds from the Opioid Litigation Settlement Funds to Mecklenburg County
Action
Action:
A. Adopt a budget ordinance appropriating proceeds of $1,050,000 from the State's National Opioid Litigation Settlement Fund to the City's National Opioid Litigation Settlement Fund,
B. Adopt a resolution authorizing the City Manager, or his designee, to negotiate and execute interlocal agreements with Mecklenburg County to pool the City's and County's share of the National Opioid Litigation Settlement Fund proceeds including proceeds from future settlement funds, and
C. Authorize the City Manager, or his designee, to negotiate and execute all documents related to directing additional proceeds from the City's National Opioid Litigation Settlement Fund as authorized by the supplemental agreements.
Body
Staff Resource(s):
Ryan Bergman, Strategy and Budget Director
Lina James, City Attorney's Office
Explanation
* In 2021, the North Carolina Department of Justice (NCDOJ) entered into two national opioid litigation settlement agreements on behalf of local government with the largest pharmaceutical manufacturers and distributers (McKesson, Cardinal Health, and AmerisourceBergen, and Johnson & Johnson) which resulted in payments of $757.7 million to the state and local governments in North Carolina to respond to the opioid public health crisis.
* Additional national opioid litigation settlements have been reached with pharmacies including CVS, Walgreens, Walmart, Allergan, and Teva.
* These additional settlement funds are projected to award approximately $606.9 million to the state and local governments in North Carolina to respond to the opioid public health crisis.
* The City has been allocated a total of $14,467,489 through these settlement funds. These proceeds are scheduled to be paid in annual installments over the next 15 years, with an estimated annual average payment of $964,499.
* Mecklenburg County has been allocated a total of $58,430,874, with an...
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