Wyoming Receives Half a Billion Dollars from Department of Interior
Written by andrew-rossi on October 28, 2019
Wyoming received over a half a billion dollars in Fiscal Year 2019, thanks to energy revenues.
$641 million dollars was disbursed to the state from the Interior’s Office of Natural Resources Revenue. This is a $77 million dollar increase from Fiscal Year 2018, the additional money coming from increased demand and production – which is only expected to increase in future years.
Secretary of the Interior David Bernhardt stated that the money distributed goes directly back to the states and communities where the energy was produced. This increase in business is largely due to the deregulation and encouragement of the Trump Admiration.
Both senators John Barrasso and Mike Enzi expressed their pride in Wyoming’s energy industry, stating the importance of the industry to the state economy and the communities and industries that will benefit from the allocation of the funds, mainly schools, transportation, and other public services.
The Office of Natural Resources Revenue disbursed over $11 and a half billion dollars to the states this fiscal year. The only state that received more than Wyoming was New Mexico.