Mineral Payments Cut To 36 States

CHEYENNE, Wyo. (March 27, 2013)--The U.S. Department of Interior is cutting federal mineral payments to 36 states by a total of about $110 million this fiscal year as part of the automatic federal spending cuts that started this month.

Wyoming Gov. Matt Mead said 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 cut will cost Texas $324,742.

A spokesman for Interior's Office of Natural Resources Revenue in Denver said 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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