Proposed FY2013 POS Funding and Prior Years Payback

for DNR Land Conservation and Recreation

  • Governor O’Malley has kept his commitment to fully funding the transfer tax revenues via the formula but, similar to prior years, will spread the repayment in General Obligation bonds over three fiscal years
  • The overall Capital Budget strikes a delicate balance between the importance of land conservation with the need to fund projects that create jobs
  • There are no changes planned for the current, FY 2012 POS Capital Budget

Program / Amount Proposed in FY 2013 Budget
POS Stateside:
Prior Transfer Tax Revenue
FY 2011 Transfer Tax Revenue
FY 2012 Transfer Tax Revenue
FY 2010 Overattainment
FY 2013 Transfer Tax Revenue / $17,700,000
$1,600,000
$1,393,000
$7,193,000
$2,606,000
$4,908,000
POS Local:
Prior Transfer Tax Revenue
FY 2011 Transfer Tax Revenue
FY 2012 Transfer Tax Revenue
FY 2010 Overattainment
FY 2013 Transfer Tax Revenue / $51,109,000
$36,401,000
$6,947,000
$3,239,000
$4,522,000
Rural Legacy:
Prior Transfer Tax Revenue
FY 2011 Transfer Tax Revenue
FY 2012 Transfer Tax Revenue
FY 2010 Overattainment
FY 2013 Transfer Tax Revenue / $9,889,000
$602,000
$4,589,000
$431,000
$4,267,000
Baltimore City:
Direct Grant (cash)
Additional Direct Grant / $2,770,000
$1,500,000 (cash)
$1,270,000
Community Parks & Playgrounds / $2,500,000
Total FY 2013 DNR Land Conservation and Recreation Funding / $83,968,000

All amounts are in General Obligation (GO) bonds, unless otherwise noted.

Program Open Space - Stateside
Special Funds transferred to the General Fund / GO Bonds provided in FY 2011 / GO Bonds provided in FY 2012 / GO Bonds proposed in FY 2013 # / GO Bonds proposed in FY 2014 # / GO Bonds proposed in FY 2015 # / Total
Prior Transfer Tax Revenues+ / 4,567 / 2,967 / 1,600 / 4,567
FY 2011 Transfer Tax Revenues / 13,082.5 / 8,075.5 / 1,393 / 2,992 / 622 / 13,082.5
FY 2012 Transfer Tax Revenues / 21,579 / 4,823 / 7,193 / 7,193 / 2,370 / 21,579
FY 2010 Over Attainment* / 2,606 / 2,606 / 2,606
FY 2013 Transfer Tax Revenues / 14,724 / 4,908 / 4,908 / 4,908 / 14,724
Total / 56,558.5 / 11,042.5 / 4,823 / 17,700 / 15,093 / 7,900 / 56,558.5
(in thousands)

* FY 2010 Over Attainment was transferred to the General Fund in FY 2012 and replaced with GO Bonds in FY 2013.

+ GO Bonds planned for FY 2012 to replace prior special funds, FY 2011 Transfer Tax Revenues, and FY 2012 Transfer Tax Revenues transferred to the General Fund were reduced by $8.977 million to reflect a revised FY 2011 transfer tax revenue estimate. For purposes of allocating FY 2013 transfer tax revenue according to statute, the $8.977 million will be replaced with GO Bonds in FY 2013 – FY 2015. The $8.977 million will be provided to replace the following special funds transferred to the GF:

  • Prior Transfer Tax Revenues: $1.6 million in FY 2013
  • FY 2011 Transfer Tax Revenues: $1.393 million in FY 2013, $2.992 in FY 2014, and $0.622 million in FY 2015
  • FY 2012 Transfer Tax Revenues: $2.370 million in FY 2015

#The numbers in the columns for FY 2013 – 2015 are what is being proposed through the Governor’s budget, and are still subject to General Assembly approval.

Program Open Space - Local
Special Funds transferred to the General Fund / GO Bonds provided in FY 2011 / GO Bonds provided in FY 2012 / GO Bonds proposed in FY 2013 # / GO Bonds proposed in FY 2014 # / GO Bonds proposed in FY 2015 # / Total
Prior Transfer Tax Revenues+ / 103,113 / 41,789 / 16,689 / 36,401 / 4,117 / 4,117 / 103,113
FY 2011 Transfer Tax Revenues / 12,352 / 12,352 / 12,352
FY 2012 Transfer Tax Revenues / 20,841 / 6,947 / 6,947 / 6,947 / 20,841
FY 2010 Over Attainment* / 3,239 / 3,239 / 3,239
FY 2013 Transfer Tax Revenues / 13,564 / 4,522 / 4,521 / 4,521 / 13,564
Total / 153,109 / 54,141 / 23,636 / 51,109 / 15,585 / 8,638 / 153,109
(in thousands)

* FY 2010 Over Attainment was transferred to the General Fund in FY 2012 and replaced with GO Bonds in FY 2013. This amount will run through the FY 2012 Local Apportionment Formula.

+ GO Bonds planned for FY 2012 to replace prior Special Funds transferred to the General Fund were reduced by $12.352 million to reflect a revised FY 2011 transfer tax revenue estimate. For the purposes of allocating FY 2013 transfer tax revenue according to statute, the $12.352 million will be replaced with GO Bonds in FY 2013 – FY 2015.

#The numbers in the columns for FY 2013 – 2015 are what is being proposed through the Governor’s budget, and are still subject to General Assembly approval.

Rural Legacy
Special Funds transferred to the General Fund / GO Bonds provided in FY 2011 / GO Bonds provided in FY 2012 / GO Bonds proposed in FY 2013 # / GO Bonds proposed in FY 2014 # / GO Bonds proposed in FY 2015 # / Total
Prior Transfer Tax Revenues / 10,635 / 10,635 / 10,635
FY 2011 Transfer Tax Revenues+ / 12,637 / 6,318.5 / 4,515 / 602 / 601 / 601 / 12,637.5
FY 2012 Transfer Tax Revenues ** / 13,767 / 4,589 / 4,589 / 9,178
FY 2010 Over Attainment* / 431 / 431 / 431
FY 2013 Transfer Tax Revenues / 12,799 / 4,267 / 4,266 / 4,266 / 12,799
Total / 50,269 / 16,953.5 / 4,515 / 9,889 / 9,456 / 4,867 / 45,680.5
(in thousands)

* FY 2010 Over Attainment was transferred to the General Fund in FY 2012 and replaced with GO Bonds in FY 2013.

** The General Assembly reduced the FY 2012 GO Bond amount for Rural Legacy by $4.589 million.

+ GO Bonds planned for FY 2012 to replace FY 2011 transfer tax revenues transferred to the General Fund were reduced by $1.804 million to reflect a revised FY 2011 transfer tax revenue estimate. For the purposes of allocating FY 2013 transfer tax revenue according to statute, the $1.804 million will be replaced with GO Bonds in FY 2013 – FY 2015.

#The numbers in the columns for FY 2013 – 2015 are what is being proposed through the Governor’s budget, and are still subject to General Assembly approval.