ASBPA's Government Affairs Committee releases local funding white paper

American Shore & 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.


Funding tools described in the report, include:
• Special Taxing Districts
• Erosion Control Districts
• Geologic Hazard Abatement Districts
• Inlet Management Districts
• Inland Navigation Districts
• Sales, Excise, and Use Taxes
• Tourism/Bed/Occupancy Taxes
• User Fees


Additionally, the report describes “emerging” funding tools that look at how revenue raised from the
above activities can be expanded through Green Bonds, Environmental Impact Bonds, Catastrophe
Bonds, Parametric Insurance, and Resilience Bonds.


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. 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 is available online at http://asbpa.org/get-involved/funding/ in a text document, report
format, and 2 page fact sheet. It will also be published in the second edition of Shore & Beach.
Questions, comments, and requests for information contact:


Annie Mercer, ASBPA Fellow
annie.mercer@asbpa.org
910-368-7847


or Derek Brockbank, ASBPA Executive Director
derek.brockbank@asbpa.org
202-827-4246