Banking on Nature: The Economic Benefits to Local Communities of National Wildlife Refuge Visitation
Table 5-3. Assabet River NWR: Visitor Recreation Expenditures (2011 $,000) Activity
Residents
Non-Residents
Total
$536.6
$618.7
$1,155.4
Hunting
$20.4
$5.7
$26.1
Fishing
$7.5
$2.8
$10.3
$564.5
$627.2
$1,191.8
Non-Consumptive
Total Expenditures
Table 5-4. Assabet River NWR: Local Economic Effects Associated with Recreation Visits (2011 $,000) Residents Non-Residents Total $988.6
$1,089.8
$2,078.4
6
6
12
Job Income
$329.6
$359.0
$688.6
Total Tax Revenue
$148.2
$154.3
$302.5
Final Demand Jobs
Table 5-5 shows total economic effects (total recreation expenditures plus net economic value) for 2011. For an individual, net economic value is that person's total willingness to pay for a particular recreation activity minus his or her actual expenditures for that activity. The figure for economic value is derived by multiplying net economic values for hunting, fishing, and non-consumptive recreation use (on a per-day basis) by estimated refuge visitor days for that activity. This figure is combined with the estimate of total expenditures to estimate total economic effects. A ratio comparing economic effects and the Refuge’s budget is unavailable because the Refuge is part of a Complex. Table 5-5. Assabet River NWR: Summary of Local Economic Effects of Recreation Visits (2011 $,000)
Assabet River NWR
FY 2011 Budget
Expenditures
Economic Value
N e t Total economic effects
NA
$1,191.8
$1,943.7
$3,135.5
226