Offshore Revenue-Sharing: $188M To 4 States, Coast Counties

 

NEW ORLEANS (AP) — Four Gulf of Mexico states and their coastal counties are getting nearly $188 million in revenue-sharing funds as the offshore leasing areas involved expand.

The money must be used for coastal conservation, restoration and hurricane protection.

- Sponsors -

An Interior Department news release Thursday says Louisiana is getting a total of about $82 million, with more than $50 million going to Texas, nearly $28 million to Mississippi and almost $27 million to Alabama.

The state shares of those totals are $66.3 million for Louisiana, $40.5 million for Texas, $22.2 million for Mississippi and $21.4 million for Alabama.

Congress approved the revenue-sharing program in 2006. For the first 10 years, it covered a smaller leasing area in the Gulf of Mexico. The states and counties got about $37 million over those years.

Digital Sponsors / Become a Sponsor

Close the CTA

Happy 504 Day!  🎉

Order a full year of local stories,

delivered to your door.

Limited time offer. New subscribers only.

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter