mad cow
03-31-2013, 04:10 AM
Citing Sequester.
The Obama administration sparked outrage when it announced on Monday that it was withholding $110 million mineral royalty payments that are owed to states and counties due to the sequestration.
“The Budget Control Act of 2011, passed by Congress, mandates across-the-board, automatic 5.1 percent sequester reductions,” said Office of Natural Resources Revenue spokesman Patrick Etchart. “By law, revenue payments to states are not exempt from the sequester. Cumulatively, approximately $110 million will be withheld from states and counties where energy production occurs on federal lands during the remainder of the current fiscal year.”
Western states will feel the brunt of the cuts in royalty payments — 99.3 percent of it, according to the Congressional Western Caucus. This is money that goes towards financing projects such as K-12 education, highways, community colleges, and flood protection.
Read more: http://dailycaller.com/2013/03/29/feds-withhold-mineral-royalties-to-states-citing-sequester/#ixzz2P6ucgbUd
Just think of how much Biden's most excellent european vacation would have cost without sequester.
The Obama administration sparked outrage when it announced on Monday that it was withholding $110 million mineral royalty payments that are owed to states and counties due to the sequestration.
“The Budget Control Act of 2011, passed by Congress, mandates across-the-board, automatic 5.1 percent sequester reductions,” said Office of Natural Resources Revenue spokesman Patrick Etchart. “By law, revenue payments to states are not exempt from the sequester. Cumulatively, approximately $110 million will be withheld from states and counties where energy production occurs on federal lands during the remainder of the current fiscal year.”
Western states will feel the brunt of the cuts in royalty payments — 99.3 percent of it, according to the Congressional Western Caucus. This is money that goes towards financing projects such as K-12 education, highways, community colleges, and flood protection.
Read more: http://dailycaller.com/2013/03/29/feds-withhold-mineral-royalties-to-states-citing-sequester/#ixzz2P6ucgbUd
Just think of how much Biden's most excellent european vacation would have cost without sequester.