Interior Dept. cuts mineral payments to 35 states
CHEYENNE, Wyo. - The U.S. Department of Interior is cutting federal mineral payments to Louisiana and 34 other states by a total of roughly $110 million this fiscal year. It's part of the automatic federal spending cuts that started this month.
Louisiana stands to lose more than $347,000. Wyoming Gov. Matt Mead says his state, the nation's leading coal producer, will lose the most - at least $53 million over the next five months.
Western states that are home to the most energy production from federal lands will experience the heaviest cuts.
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.