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Executive Summary <br />assessment for the classification of the land that the property had at the time it <br />was acquired. <br />Given this policy statement by the Governance Committee, it is not expected that the Program <br />would negatively impact the property tax revenues to local government subdivisions. However, <br />if the Program changed this policy and did not pay taxes on large blocks of program lands that <br />are acquired through fee simple title, there is a potential for negative tax revenue impacts in local <br />areas. This is a significant concern for small, rural school districts that rely heavily on property <br />taxes for funding. <br />Changes in land use caused by the Program can also potentially impact sales and excise taxes <br />collected by government subdivisions in the central Platte Region. Indirect business taxes <br />include sales and excises taxes that consumers pay to businesses as they purchase goods and <br />services. The change in indirect business taxes was estimated by applying economic multipliers <br />to the change in direct sales resulting from a change in land use. The change in indirect business <br />taxes under Scenario 1, 2 and 3 are summarized in Table ES -8. <br />Table ES-8 <br />Estimated Changes in Indirect Business Taxes Due to the Program <br />Present Value of the Change in <br />Business Taxes Due to: <br />Present Value - 2001 to 2020 at 2.8% Discount Rate <br />Scenario 1 Scenario 2 Scenario 3 <br />Reduced Agriculture Production <br />- $290,000 <br />- $345,000 <br />- $55,000 <br />Habitat Restoration and Management <br />$452,000 <br />$382,000 <br />$575,000 <br />Increased Recreation Expenditures in <br />$228,000 <br />$323,000 <br />$38,000 <br />Study Area <br />The results of this analysis indicate that indirect business taxes would fall with a reduction in <br />agricultural sales from program lands. However, tax receipts are estimated to increase due to <br />sales increases caused by habitat restoration and management activities and increased <br />recreational expenditures. <br />Impacts to Neighboring Properties. To identify potential impacts of the Program to adjacent <br />property owners, owners of local areas providing habitat protection, their neighbors, and Weed <br />Control District superintendents were interviewed. Interviews were conducted with five habitat <br />owners; five adjacent property owners; and seven Weed District superintendents. <br />The owners of the habitat - protected properties said that negative impacts to neighboring <br />properties are negligible. All of the five adjacent landowners said that the habitat - protected land <br />adjacent to their property has not caused the following problems. <br />Hwd.40210R009.doc ES -13 Third Party Impact Study <br />Final Report <br />