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Sand Politics: Keep The Burden Of Replenishment Where It Belongs - On The Feds

Online Stock Market Trading Who pays? Thats the crux of a debate over beach replenishment pitting coastal mayors against federal bureaucracy, and it has a corollary question: Who benefits? As storms and erosion take their toll on the New Jersey shoreline, towns rely on a vacuum procedure which sucks sand from the ocean floor and redistributes it along the beaches.

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Stock Investing Course Its a costly process. Over the last seven years, it is taken more than $170 million to restore millions of cubic yards of sand up and down the Jersey coast.

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Stock Market Game Its also an ongoing process. Depending on the vagaries of nature, beaches need re-nourishing as often as every three years.

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Stock Investing Game Until now, the burden for this effort has been born on a cost-share basis, with the federal government shouldering 65 percent and the local municipalities 35 percent.

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Journal Prime Rate Street Wall Last year, President Bushs budget suggested shifting the major burden onto state and local governments, in effect turning the ratio on its head.

The best feature of all is that this cabana is certified as sun protective by the AMC Cancer Research Center as 98% UVA & UVB blocking. Cabana features a lipped door to keep the sand out and sewn in sand pockets to keep it secure. The back wall is solid, the sides feature ventilation mesh and there is a screened front. Floor is a durable vinyl. It's easy to clean with just water!

Stock Market News It was a terrible idea then. It still is.

Stock Investing Basics The states beaches are not just natural treasures, they are also national treasures. They attract visitors from all over the country and many parts of the world. The money these tourists bring in ultimately gets socked back to the federal government.

Stock Investing Software Oppponents of the cost shift point out that tourists spend $16 billion annually at New Jersey beaches. That generates close to $2 billion in state and federal taxes.

Stock Market Trading Now support for the coastal mayors who are fighting the switch has come from an unlikely source.

Stock Investing For Dummy A draft report by the Army Corps of Engineers, which oversees the replenishment projects, indicates that rather than boosting only local shore economies, a healthy coastline has national implications.

Stock Market Crash Based on tourism statistics, environmental studies and economic forecasts from New Jersey, Texas, North Carolina, Delaware and California, the report says that roughly 35 percent of the benefits from beach nourishment are felt locally, and 65 percent nationally.

Stock Investing Tip The Office of Management and Budget commissioned the study. Now the OMB is dragging its feet on releasing it, hiding behind the excuse that the report is still being reviewed internally.

Stock Market Chart As New Jersey and its municipalities struggle with ungodly budget shortfalls, now is a logical time to release the report.

Online Stock Investing President Bushs 2003 budget outlines $16 million in New Jersey shore-protection studies and replenishment efforts.

Stock Market Crash Of If communities such as Beach Haven and Long Beach Township are forced to carry the bulk of the responsibilities, one of three things could happen.

Stock Investing For Beginner They could pass the costs on to residents in the form of higher taxes. They could pass the costs on to visitors in the form of higher beach fees.

Finance Journal Personal Or they could let the beaches erode and watch the sea reclaim its precious sand stores, which would be an ecological and economic disaster.

Stock Market Report Better, much better to keep the formula as it is, with the major burden on the feds shoulders.

Finance Investing Stock Market Burlington County Times - 4/28/2002

Topic: Beach Replenishment

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