Trust Land Performance Assessment Project
Charting a Course for the Future
As a trust lands manager, the Washington State Department of Natural Resources generates intergenerational revenue that supports healthy rural communities, schools, and social services.
In partnership with the Legislature (through ESSB 6095, section 7105) and stakeholders, DNR is leading an effort to transform state trust lands management to achieve a prosperous, sustainable future for trust beneficiaries and the people of Washington.
On April 28, 2021, DNR held a webinar for members of the public to learn:
- The results of the Trust Lands Performance Assessment,
- The proposed scope of work for the project going forward, and
- Initial ideas DNR is considering for future actions.
The presentation from the webinar is available to view here.
DNR held a public comment period from April 28 to May 12 on the scope and ideas presented in the webinar. A summary of the comments can be found here. The comment summaries were presented to the Board of Natural Resources at their June 1, 2021 meeting.
In January 2021, DNR submitted a report to the Washington State Legislature summarizing to date the progress on this comprehensive effort. This report provides a summary of analyses, findings, challenges, opportunities, and initial ideas for transforming the state trust lands portfolio.
Trust Land Portfolio Evaluation
As part of this effort, DNR engaged Deloitte Transactions and Business Analytics to perform a Trust Land portfolio valuation for the TLPA. This comprehensive assessment sought to:
- Estimate the value of state trust lands.
- Report on the return on investment provided by income from the land.
- Provide recommendations on ways to improve or enhance operations and returns.
Chapter 11. Other Resources Asset Class (includes Wind Power, Special Forest Products, Special Use Leases, and Rights-of-Way)
Non-Market Environmental Benefits and Values
This report provides a valuation of the ecosystem services, recreation, and carbon storage benefits provided by the state trust lands portfolio.
REFERENCE DOCUMENTS – PRIOR STUDIES AND REPORTS
Report to the Legislature: A Review of the Department of Natural Resources’ Commercial Lands Program, 2006
State Trust Land Management: An Evaluation of Effectiveness and Efficiency; A Report from the Independent Review Committee to the Commissioner of Public Lands, 2004
Report to the Legislature: Options for Increasing Revenues to the Trusts; Comparisons of Returns From Investment in Real Property and in Permanent Funds, 2003
MATERIALS PREPARED FOR THE BOARD OF NATURAL RESOURCES
Board of Natural Resources Chair Reports
- February 2019
- June 2019
- July 2019
- September 2019
- October 2019
- November 2019
- December 2020
- February 2021
- April 2021
Presentation prepared for the Washington State Association of Counties -- Focus on State Forestlands
Presentation prepared for the Washington State School Directors Association -- Focus on State Forestlands and Common School Trust