, we present the first-ever municipal fiscal impact assessment of sea-level rise in Florida and combine it with a statewide survey of coastal planners and managers. We wanted to know how sea-level rise would affect municipal tax revenues and whether coastal planners and managers are accounting for these fiscal impacts.
However, if cities reduce development in vulnerable areas, their property taxes and other revenues will take a hit. And if they build more seawalls and homes fortified to withstand hurricanes and storms, they will induce more people to live in harm's way.Florida's local revenues at risk These impacts are not evenly distributed. Municipalities with the greatest fiscal risks are geographically and demographically smaller, denser, wealthier and whiter. Lower-risk municipalities tend to be more populous, more diverse,
Instead, many Florida cities are pursuing continued growth through infrastructure expansion. Even after devastating events like Hurricane Ian, administrative boundaries, service obligations and budgetary responsibilities make it hard for municipal leaders to make room for water or retreat onto higher ground.to upgrade the town's causeway bridge.
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