Financing Options Considered for Preserving Florida's Eroding Beaches
"Passed by an overwhelming majority of Florida voters last fall, Amendment 1 was billed as a way to force lawmakers to make water quality and land conservation a priority," according to Tony Marrero.
"But officials from coastal counties are focused on the places where water erodes the land as they seek a share of the estimated $22 billion the mandate is expected to raise over the next two decades."
There seems to be a strong coalition of support for some of the Amendment 1 funding to go toward beach preservation, which has become a more critical issue in Florida since the last finding mechanism for such purposes was approved some 13 years ago.
The Florida Shore and Beach Preservation Association is advocating for lawmakers to dedicate between $47 million and $60 million annually to beach preservation over the next 20 years. Marrero adds: "Their case is bolstered by a report last week from the Legislature's Office of Economic & Demographic Research that showed $1 invested in beach renourishment generated $5.40 in sales tax revenue."