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November 5, 2007 Ms. Jennifer Davis Mr. Michael T. Scuse Re: DDA FY09 Budget Hearing Comments from The Nature Conservancy Thank you for the opportunity to submit written comments on behalf of The Nature Conservancy with respect to the Delaware Department of Agriculture’s (DDA) proposed FY09 budget. We would appreciate your consideration of one funding items outlined below as you prepare for the Governor’s budget submission to the General Assembly. Program Priorities & Recommended Funding Levels Regional Green House Gas Legislation – Allocation of CO2 Allowances The Delaware Chapter of The Nature Conservancy strongly encourages Governor Minner and the 145th General Assembly to adopt Regional Greenhouse Gas legislation in Delaware during the upcoming legislation. This bill represents our top legislative priority and also has implications for creating a new revenue stream to the state. In adopting this legislation, we encourage inclusion of the following provisions: Delaware could generate annual revenues of $3.8M to $75.6M through auction of credits depending on the percentage allocation and price per ton of CO2 equivalents. The Nature Conservancy strongly supports allocation of a portion of the 10 percent of allowance auction revenues referenced above to create a permanent stream of funding for the Delaware Forestland Preservation Program. This program was funded last year through in Governor Minner’s FY08 budget request at $1 million. We encourage that up to $5 million of CO2 auction revenue be used to fund the Forestland Preservation Program annually. Thank you for your consideration of our recommendations. Sincerely, Roger L. Jones, Jr. cc: Mr. John Hughes, Secretary, Delaware Dept. of Natural Resources & Environmental Control |
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