Current and Potential Economic Rent in the State of Vermont: Wildlife and Fish
Ross Saxton, PA 395
Of the $14,702,882 of revenue received by the Vermont Fish and Wildlife Department in FY06, about $7,880,000 is economic rent. The other approximately $7 million is the result of taxes (see figure 1a.).
The revenues derived from hunting, fishing, and trapping licenses is pure economic rent. Besides the minor costs for the paper and stickers going into the physical licenses, everything else is unearned profit by the state of Vermont. The general fund provides approximately $1 million of economic rent to the Fish and Wildlife Department. Although the revenue generated by the general fund is about $2.1 million, a "substantial" amount is created through taxes such as sales tax, use tax, corporate tax, tobacco tax, alcohol tax, banking tax, and the most sizable, income tax (Jason Aronwitz, direct contact). The economic rent derived from the general fund is estimated to be $1 million since that is statistically the most accurate approximation due to the unknown ratio of rent-to-tax within the general fund. Other departmental income provides the Fish and Wildlife Department $621,871 of economic rent. The rent comes from leases on agriculture lands and camps on wildlife management areas, sales of timber, dog licenses, grants from the Vermont Association of Snow Travelers (VAST) and Vermont All Terrain Vehicle Association (VASA), and tuition from conservation camps (Sher Yacono, direct contact). Federal funds categorized as "other" produce $363,787 in rent. These are received as grants from organizations such as the National Oceanic and Atmospheric Association (Sher Yacono, direct contact). Boat registrations also produce rent for the Fish and Wildlife Department. $243,617 is created by selling mandatory permits to motorized boat owners so they can use their boats in Vermont waterways. The sales of conservation license plates produce $125,986 in rent for the Fish and Wildlife Department. The income tax check-off box produces $99,710 in rent. As donations, this is all unearned income. Duck stamps are similar to hunting licenses, contributing $16,169 of rent to the Vermont Fish and Wildlife Department (Vermont Fish and Wildlife Department). (See figure 1b. for a summary of this paragraph.)
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Pittman-Robertson
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