FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
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Discussion regarding potential uses for the funding received from the National Opioid Settlement Payments.
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Background:
The town is receiving these payments through its participation in the National Opioid Settlement. The town has begun to receive and is expected to receive payments from multiple sources. The payments received to date have been from the Distributor Settlement. The town will also be receiving payments from the Janssen Settlement.
To date Ledyard has received $53,1134.19 (Perdue Pharma) from the National Opioid Settlement. He stated Ledyard has filed their second submission which was from Teva, Allergan, Walgreens, CVS and Walmart.
Funding received from the National Opioid Settlement was being deposited into Account #20810201-58206-24206 (National Opioid Settlement).
Funds are to be used exclusively for opioid abatement purposes, including, but not limited to, expanding access to opioid use disorder prevention, intervention, treatment, and recovery options, etc.
The Following Allocations have been made:
• $36,100 to the Ledyard Prevention Coalition - September 27, 2023;
• $10,000 to Community Speaks Out - October 23, 2024;
• $10,000 to Connecticut Recovery Support - January 15, 2025.
• Up-to $12,500 to support the Fiscal Year 2025/2026 administration of the DARE Program in Ledyard Public Schools - April 9, 2025