Regulation News

National Coastal Organization Releases Report on Local Funding Tools for Beach Projects

The American Shore and Beach Preservation Association (ASBPA) has published a white paper explaining ways communities can fund coastal management projects, entitled “Local Funding for Coastal Projects: An Overview of Practices, Policies, and Considerations.”

The paper identifies regional characteristics and local considerations communities must assess when determining how to raise revenue for beach and coastal restoration projects. The report then explains taxes; fees and other sources of revenue commonly used by communities for beach projects; and provides an overview of emerging financial tools which can make existing revenue go farther in support of local coastal management efforts.

This paper will aid local officials in identifying revenue options as well as potential cost-savings, partnerships, and finance instruments to leverage existing funds. The paper also provides examples of projects funded by different commonly used revenue-raising tools.

“We hope this paper will be a baseline for local officials, help consultants guide clients, and continue the discussion on ways communities fund important coastal projects,” said ASBPA Executive Director Derek Brockbank. “As the competition for coastal funding grows and the need for coastal restoration and adaptation projects increases, having a number of funding options at hand can mean the difference between a successful and effective coastal project and one that stalls due to revenue shortfalls or uncertainty in crucial funding.”

The white paper, produced by the group’s Government Affairs Committee and staff, will be available for download and review at the association’s website, asbpa.org, and will be published this year in the association’s peer-reviewed technical journal, Shore & Beach.

Story by The American Shore and Beach Preservation Association (ASBPA)

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