Mineral Payment Cuts Have Little Impact on Minn.
Posted at: 03/27/2013 4:29 PM
| Updated at: 03/27/2013 4:43 PM
By: BEN NEARY, Associated Press
CHEYENNE, Wyo. (AP) - The U.S. Department of Interior is cutting federal mineral payments to 35 states by a total of roughly $110 million this fiscal year. It's part of the automatic federal spending cuts that started this month.
Wyoming Gov. Matt Mead says his state will lose the most - at least $53 million over the next five months. Wyoming is the nation's leading coal-producing state.
Western states that are home to the most energy production from federal lands will experience the heaviest cuts. The Interior Department is compiling a list of how much each state will lose.
A spokesman for Interior's Office of Natural Resources Revenue in Denver says the cuts total 5 percent of annual mineral revenue payments made to states from mineral production within their borders and offshore.
A list of the cuts:
Source: U.S. Department of Interior's Office of Natural Resources Revenue
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