Recently the Obama Administration unveiled its proposed 2017 federal budget and like last year, the budget funds promised from The Gulf of Mexico Energy Security Act, or GOMESA, were redirected from four Gulf States, including Louisiana, to be spent elsewhere in the nation.
Check out the letter to President Obama signed by hundreds of businesses and organizations concerned about the redirection of funds proposed again this year. Louisiana has a looming coastal landloss crisis. Louisiana is counting on the funding from GOMESA to help support planned coastal restoration and protection. GOMESA addresses the inequality coastal states have faced by not sharing mineral revenue like other states where oil and gas drilling occurs on federal lands. We have made this case many, many times in the past 10 years.
We must remain vigilant and protect all the funding earmarked and needed for coastal restoration in Louisiana. GOMESA is a significant part of the plan.
Background: The Gulf of Mexico Energy Security Act, or GOMESA, will allow Louisiana and three other Gulf states to get 37.5 percent of the revenue generated from Outer Continental Shelf leases off their shores. The law was passed in 2006. The revenue sharing is capped for the four states at $500 million a year, when the dollars start flowing in 2017. These revenues have been earmarked by the state of Louisiana for funding of coastal restoration in Louisiana. Eliminating this funding is a devastating blow to moving forward with projects in Louisiana’s comprehensive Coastal Master Plan. GOMESA funds in 2018 represent a significant funding source for the state Master Plan budget planning.