OCR Text |
Show 113 $ 65,000,000, which is a significant contribution to the economy of Utah. Development of the Lake resources yields revenue to the State from taxes and direct payments for mineral leases and royalties. In addition, there are economic impacts from employment and personal income involved in those industries. Table 20 shows income to the State from the Lake for mineral leases and royalties, 1965 through 1969. Table 21 gives estimates of royalty payments for 1973. TABLE 20 PAYMENT TO THE STATE FOR GREAT SALT LAKE MINERAL LEASES AND ROYALTIES Year Leases Royalties 1965 1966 1967 1968 1969 TOTALS $ 62,071.09 87,752.40 88,360.56 89,306.57 100,620.66 428,111.28 $ 55,675.97 70,856.85 51,967.25 55,034.12 98,940.96 $ 332,475.15 Source: Compiled by the Bureau of Economic and Business Research from records of the State Land Board. 1972 estimates of production levels project $ 500,000 mineral royalty payments per year, compared to $ 100,000 in 1969. Table 21 shows a 1972 estimate of royalty payments for 1973 by mineral compound. Because mineral production levels cannot be predicted with certainty, the effect of various levels must be estimated for planning |