Mobile, AL (WKRG)
A significant amount of funding from oil and gas production off the coast looks likely to stay in the coffers of Gulf states. It’s part of the final Republican tax bill that’s on the verge of going to the president’s desk.
Under the Gulf of Mexico Energy Security Act or GOMESA gulf states like Alabama get a cut of the revenue from offshore drilling. Earlier this year the Trump administration, like the Obama administration before it, proposed ending the flow of money exclusively for Louisana, Mississippi, Alabama and Texas. As of this Friday not only does that money stay with gulf states but they’re also poised to reap a greater chunk of the revenue
It’s not clear how much money the Gulf states could get in 2020 and 2021 but columnist Quin Hillyer says it could mean as much as $50 million dollars to Alabama.