Wyoming will lose approximately $50 million in annual revenue to the lower federal mineral royalty rates for coal contained in the Trump administration’s One Big Beautiful Bill, according to a report by state financial forecasters.

Companies pay royalties to the federal government for minerals extracted from federal lands. The feds then generally split those dollars evenly with the government of the state in which the mineral production took place. In Wyoming, those royalties help fund K-12 education, highways and county roads, city and town services and the University of Wyoming.

The One Big Beautiful Bill, signed by President Donald Trump last month, reduced the federal royalty rate for coal from 12.5% to 7%, a discount that is “estimated to reduce Wyoming’s share of [federal mineral r

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