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EXECUTIVE SUMMARY: REGIONAL RECREATION OPEN SPACE POLICY PLAN <br /> I Financial Status of the Regional Park Systern <br /> The overall financial goal for the regional park system is to secure stable, ongoing capital and O&M <br /> funding sources adequate to provide high-quality recreation service at costs that users and taxpayers can <br /> afford. <br /> The primary sources of funding for capital improvements are the state, through Metropolitan Council <br /> bonds, and through the local taxing jurisdiction of the implementing agencies. From 1994 to 2000, a total <br /> of $126,332,000 in capital improvement grants have been made to the regional park system, for an <br /> average per biennium of $31,583,000. <br /> The enabling legislation proposes that the state finance at least 40 percent of the costs to operate and <br /> maintain the regional park system. Since 1994, the state has granted a total of $27,377,000 in funding for <br /> operations and maintenance. Between 1994 and 1999, the state financed 5.4% to 9.1°/o of the total annual <br /> cost to operate and maintain the regional park system. For 2000, the state financed 19% of the budgeted <br /> costs for the system. The additional revenue came from lottery in-lieu-of sales tax appropriated by the <br /> legislature in 2000. <br /> I <br /> I <br /> I <br /> i <br /> 6 <br />