Fish and Wildlife Rent

Potential Revenue Collection Possibilities Increase the Fish and Wildlife Trust Fund -Currently: a little over $1.6 million, generating $139,000 in interest (usable funds) in FY06 {interest rate of about 8.4%} If increased to $12 million, over $1 million would be generated annually…an increase of total revenue of about 6.8% -investment will pay off in about 10 years

Potential Revenue Collection Possibilities (continued) 1/8 of 1 Cent of sales tax: This Bill needs to be passed - Redirection of tax dollars- will add $6-7 million to current total revenue, increasing total revenue by almost 50% - Fish and Wildlife related activities generate about $386 million annually - Allocate a portion to the Fish and Wildlife Trust Fund

Potential Revenue Collection Possibilities (continued) Increase boat registration fees. Currently $22 for motorboats <16 feet long* times 33,901 boats registered annually = $745,822 Increase to $35 = $1,186,535 (very conservative estimate)* *Larger boats reg. fees are more expensive, so increasing those fees will increase the revenue even more

Potential Revenue Collection Possibilities (continued) Biodiversity and Land Conservation Fund -Permit system for potentially developed lands -Increases price for developers to develop, especially on land that holds high habitat value -Reduce rural development…increase viable habitats and other ecosystem services -Funds go to Fish and Wildlife Trust Fund