Gov. Mead: Interior Cannot Take State's Share of Mineral Revenues

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Gov. Mead: Interior Cannot Take State's Share of Mineral Revenues
Gov. Mead: Interior Cannot Take State's Share of Mineral Revenues

Wyoming Governor Matt Mead is evaluating a recent letter sent by Director of the Office of Natural Resources Revenue, Gregory Gould, to the State Treasurer’s Office.

In his letter, Gould says that starting this month and through July, over $53 million dollars of mineral revenue payments payable to the State of Wyoming will be withheld under sequestration - those forced budget cuts we've heard so much about.

The monthly amount withheld will be nearly $11 million, with the possibility of more withholding in August and September. Under federal law, Governor Mead says Wyoming is guaranteed 50-percent of the revenues from mineral leasing on federal lands.

Mead says he's sought advice from the Attorney General’s Office on any available actions the State of Wyoming can take to respond to this federal action. All options are being considered.

In a media release, Mead said the Department of Interior should not be able to meet its budget reduction by taking mineral revenues which belong to the states under the law. Gould's letter was received by the treasurer's office on Monday.

Wyo Theater
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