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C-1 <br />4D <br />• Overnight tourists paying tourist development taxes <br />• Overnight tourists not paying tourist development taxes <br />• Day tourists <br />• County residents (non -island) <br />• County residents (island) <br />Identification of Potential Funding Sources <br />Once the total project costs for each sector were allocated to storm protection <br />benefit and recreational benefit, the next two steps in the cost allocation process <br />were to apportion the costs to user groups and individual property owners. <br />Several potential revenue sources are available to the County to fund the beach <br />nourishment projects. The following funding sources can be used to fund the <br />costs apportioned to the groups of users and individual property owners: <br />• State grant funds <br />• Ad valorem taxes <br />• Special assessments <br />• Tourist development taxes <br />• Local government infrastructure surtax <br />State grant funds will be used to the maximum extent possible within each <br />sector. These funds can be used to pay up to 75 percent of the cost based on <br />project qualifications. Typically a 50 percent state contribution is formulated and <br />the remaining project cost must be paid from local sources. <br />Storm Protection Benefit. Since the storm protection benefit inures to property <br />located along the coast, property -oriented funding sources can be applied <br />logically to pay this portion of the cost. Ad valorem taxes and special <br />assessments are available for this purpose. <br />