Initiative 1 is investment in Utah
But these days, from the air, I can also see how fast Utah is changing and I can see the congestion and pollution that threaten our quality of life. How will we make room for 1 million more people by 2020? The question isn't if we're going to grow, it's how. Now is the time to plan wisely for growth and protect what makes Utah special. This is why I support Initiative 1.
Initiative 1 will raise $150 million in conservation bonds to protect our sources of drinking water, wildlife, farm and ranchlands, parks and trails, open space and cultural and historic landmarks all for only $14 per year for the average Utah family. It is a conservative measure based on the principal of stewardship: We owe it to future generations to prudently conserve the natural resources that add so much to our quality of life today.
And it's not just our quality of life that's at stake; it's our economy. From our redrock canyons to our ski slopes, from the Great Salt Lake to our rivers and streams, Utah's natural heritage is our competitive advantage that attracts tourism and new business to our state.
How can we afford to pass Initiative 1? The real question is, how can we afford not to? For instance, my former Senate colleagues tell of spending billions of dollars for water treatment plants in order to obtain potable water but, by protecting our canyons, farmlands and watersheds today, we can do the same here in Utah for far less.
It also makes sense, during these times of low interest rates, to obtain conservation financing at 3 percent to 4 percent at a time when land prices are escalating at 8 percent to 10 percent. In the long run, this timely investment in Utah's future will save taxpayers millions.
Initiative 1 is not about wilderness or our public lands it's about maintaining the quality of life where we live. It honors private property rights, prohibits condemnation, ensures all transactions will be completed on a willing seller basis and guarantees lands will remain on the tax rolls. Initiative 1 funds will be awarded to projects by the Quality Growth Commission, which has an outstanding record managing conservation funds, on a competitive basis and all finances will be subject to annual audits and legislative review.
I also like Initiative 1's emphasis on local control by involving local governments and civic leaders in the decisionmaking process. While most funding will be available for land and water protection, enhancement programs to improve wildlife habitat, soils and groundwater management will also be eligible. And in rural communities with different quality-growth priorities, projects to build trails, recreational facilities and protect historic landmarks can be funded, too.
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