FOR IMMEDIATE RELEASE
April 5, 2011
Resources board takes action to deliver more non-tax revenue for school construction
Board seeks to preserve flexibility for management fees
OLYMPIA – The Board of Natural Resources, at its regular monthly meeting today, approved a proposal by Commissioner of Public Lands Peter Goldmark to reduce the percentage of management fees that are retained from state trust land revenues.
By reducing management fees, a higher percentage of the non-tax revenues that trust lands produce will flow to public school construction, state universities, counties and other trust land beneficiaries.
The percentage of revenues retained for the Washington State Department of Natural Resources (DNR) to manage state trust lands drops from 30 percent to 27 percent. The management fee retained from revenues from trust forestlands DNR manages for several counties drops from 25 percent to 23 percent.
Strong international demand for Douglas-fir and other forest products from Washington State make the management fee reduction possible without reducing DNR’s abilities to manage state trust lands for habitat, clean water and sustainable production of natural resources-based revenues.
The board also passed a resolution today that asks the Washington State Legislature to retain the board’s current authority to adjust trust land management fees back up to 30 percent. The board seeks to retain the flexibility in case timber prices unexpectedly turn lower than forecasted during the 2011-13 Biennium.
DNR manages state trust lands
DNR manages more than 5.6 million acres of state-owned forest, range, commercial, agricultural, conservation, and aquatic lands. Of these, some 2.1 million acres are forested state trust lands managed to produce income to support public schools, several counties universities, prisons, and other state institutions. These working forests also provide other public benefits, including outdoor recreation, habitat for native fish and wildlife, and watersheds for clean water. DNR is administered by Peter Goldmark, the 13th Commissioner of Public Lands since statehood in 1889.
Media Contact: Bryan Flint, Director of Communication and Outreach, 360-902-1023, email@example.com
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