Senate Bill S311 sponsored by Senator Joe Kyrillos and Assembly Bill A2954 sponsored by Senator Jeff Van Drew would increase the Shore Protection Fund from $25 million to $50 million, the amount that is credited each year to the Shore Protection Fund from realty transfer fees. The Jersey Shore Partnership initiated the legislation and gave testimony before the joint Committee meeting.
We are delighted to report that the bills were heard on August 18 at the joint Senate Environment and Energy Committee and the Assembly Environment and Solid Waste Committee and passed on to the Senate and Assembly Appropriations Committees.
This was the critical first step in moving the legislation along. Our testimony provides extensive detail on the funding required to meet authorized and planned beach protection projects over the next ten years. We look forward to presenting our testimony before the Appropriations Committees.
The Shore Protection Fund is an investment in the State. The Jersey Shore is an iconic brand for New Jersey as a recreation destination. The shore communities return $20 billion in tourism revenue annually to the state, and provide jobs and business opportunities for thousands.
The Jersey Shore Partnership respects New Jersey’s commitment to preserving its beaches and ensuring that all of us have the opportunity to access the shore for the beauty and recreation it offers.