Banking on Nature: The Economic Benefits to Local Communities of National Wildlife Refuge Visitation
Table 5-68. Stewart B. McKinney NWR: Visitor Recreation Expenditures (2011 $,000) Activity
Residents
Non-Residents
Total
$107.6
$108.2
$215.8
Hunting
$0.7
$1.0
$1.7
Fishing
$0.0
$0.0
$0.0
$108.3
$109.2
$217.5
Non-Consumptive
Total Expenditures
Table 5-69. Stewart B. McKinney NWR: Local Economic Effects Associated with Recreation Visits (2011 $,000) Residents Non-Residents Total $194.8
$194.1
$388.9
1
1
2
Job Income
$64.7
$65.0
$129.7
Total Tax Revenue
$31.8
$30.5
$62.4
Final Demand Jobs
Table 5-70 shows total economic effects (total recreation expenditures plus net economic value) compared with the refuge budget 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 and divided by the refuge budget for 2011. The $1.21 means that for every $1 of budget expenditures, $1.21 of total economic effects are associated with these budget expenditures. This ratio is provided only for the purpose of broadly comparing the magnitude of economic effects resulting from refuge visitation to budget expenditures and should not be interpreted as a benefit-cost ratio. Table 5-70. Stewart B. McKinney NWR: Summary of Local Economic Effects of Recreation Visits (2011 $,000)
Stewart B. McKinney NWR
FY 2011 Budget
Expenditures
Economic Value
N e t Total economic effects per $1 budget expenditure
$486.2
$217.5
$368.7
$1.21
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