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Here are the
facts. You can learn more at
our blog:
http://forevergreentn.wordpress.com.
Overview:
An addition to Tennessee’s Real Estate Transfer Tax was designated in 1986
to protect wetlands in Tennessee and in 1991 the tax was renewed and
increased with passage of the “State and Local Parks and Recreation
Partnership Act.” This created a dedicated fund (generated from the .08
cent tax on $100 of assessed value for realty transfers) to conserve land
for parks, wildlife areas, greenways, cleaner water, and to preserve the
natural beauty of Tennessee. These dedicated funds generated from the
transfer of real estate make sense. As real estate is developed and new
residents move to Tennessee, a small portion of the transfer tax is
re-invested in protecting a Forever Green Tennessee. However, in 2003 and
again in 2008, this “designated” fund was taken to help balance the State’s
general budget. The legislation reinstates these designated funds in 2010,
unless they are targeted and taken once again to balance the State’s
budget. This is not why this tax was established and it is needed now more
than ever. Our beautiful homeland is at risk and is worth this small
investment.
The Need:
We need the
approximate $20 million each year to keep Tennessee forever green and
beautiful. We need it to ensure a healthy environment and a healthy
economy. Tourism is the second largest industry in Tennessee, employing
181,000 Tennesseans and contributing $13.4 billion to our economy and $1
billion in local and state tax revenues. The top tourist attractions in
Tennessee are parks. It is short-sighted not to keep this program fueling
our economic engine. This tax represents only .07% of our State’s $27
Billion budget. Tennessee is 7th worst in America for how quickly we are
destroying forests and farms and chopping them up for roads and other
development. We lose 80,000 acres each year! Shamefully, we are 50th
nationwide in environmental spending. These funds are needed to save
incredible scenic attractions that are at risk! Rocky Fork, Bluffs at
Scott’s Gulf, Cummins Falls, The Big Trees at Warner Parks, Mississippi
River Bluffs, the Fiery Gizzard Trail, Segments of the Cumberland Trail,
Rattlesnake Falls, Virgin Falls, Short Mountain, and more. We can’t sell
our children’s future short by risking our greatest natural assets. Our
quality of life, our water and wildlife, our future depends on these
investments. Large tracts of land will never be more available than they
are today. Raiding these funds is a step backward in terms of stewardship
of our land and responsible budgeting. Please restore this funding in
2010!
The Funds:
Four (4) funds are established from a dedicated .08 cent increase on the
Real Estate Transfer Tax. Tennessee’s Real Estate Transfer Tax is .37 on
$100 assessed value of property transferred. This .08 addition generates
approximately $20 million. These funds, their dedicated purpose and
approximate revenue per year are listed.
|
FUND NAME |
USE |
APPROXIMATE
ANNUAL FUNDING |
|
Wetlands
Fund
|
.0325 (per
$100)
To acquire
wetlands to benefit water quantity and quality and wildlife habitat.
|
$7.6 million |
|
State
Parks Acquisition Fund |
.015
To acquire
lands important to protect new state parks, natural areas, forests,
historic sites, trails, and archeological sites and to protect
existing parks by acquiring buffers and in-holdings.
|
$3.7 million
|
|
Local
Parks and Recreation Fund |
.0175
To acquire
lands for parks, natural areas, greenways, trails, archaeological
sites and for lands needed for recreation facilities. Requires 50%
match from local governments.
|
$4 million |
|
Agricultural Resources Conservation Fund |
.015
To teach
farmers and to provide funding to implement Best Management
Practices to clean-up or prevent pollution of our creeks and rivers |
$3.7 million |
Successes of the
Programs:
These funds have leveraged investments from numerous sources including
federal, city and county, non-governmental organizations, and private
philanthropy. App. 240,000 acres have been acquired. These places make our
communities more livable, more attractive to industry and tourism. These
conservation projects make our environment healthier and our economy
stronger.
Tennessee needs
you! To get
involved, or for more information, please contact
Kathleen Williams, President and Executive Director, at 615-386-3171 or by
email at tenngreen@earthlink.net.
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