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Interior Dept. cuts mineral payments to 35 states

3 years 6 months 3 days ago March 27, 2013 Mar 27, 2013 Wednesday, March 27 2013 March 27, 2013 3:48 PM in News
Source: Associated Press

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.

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