Feds Cut Payments to States, Blame Sequester
Still throwing a tantrum over not being able to spend as much as they want
The federal government has sent letters to 35 states, informing them it's cutting federal mineral payments by about $110 million, or 5 percent, as part of the automatic spending cuts that started this month due to sequestration.
The Obama Administration hit New Mexico hard, with a whopping $26 million beanball. Only Wyoming, which figures to lose $53 million per year, will take a bigger hit.
The feds paid a total of $2.1 billion last year to states, revenue from energy and mineral production that occurred on federal land within those states.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?