Dredging report to NC general assembly shallow draft dredging report to NC general assembly2/10/2024 ![]() Beach Nourishment and on-going projects are included.Sand Tax of $.05 for FY 22-23 then an adjusted amount equivalent to $.06 with anticipated tax revaluations for FY 2023-2024 going forward. County revaluation will effect the FY 2023-2024 Budget, which anticipates approximately 20% - 30% increase.Any unused funds within the 25% shall remain in both Funds 45 and 46 and placed into Fund Balances.The remaining 25% shall be used for operational type items.Accommodations Tax (Both Funds 45, 46) estimated to be 75% of the total annual budgeted amount.Unencumbered General Fund (Balance) not to exceed 25%.CLICK HERE to view presentation materials on the various funding options presentedĬlick on the image below to view funding details on Options 1:.Several options for long-term funding of the Beach & Inlet Management Plan have been explored by the Town Council, with the Option 1 (of 3) model chosen as the approved funding method. The Plan works to do this in a way that is comprehensive, yet financially responsible.īeach nourishment projects represent some of the largest financial planning commitments within the Town of Oak Island. ![]() The Beach & Inlet Management Plan was established in order to provide a multi-year strategy that addresses the common challenges of beach erosion. To ensure they continue providing that protection for years to come, they must be respected, maintained, and re-nourished regularly. ![]() ![]() The sand dunes and public beach areas of Oak Island are vital to the protection of homes, businesses, wildlife, and the economy of the Town. NOTE: To view information on currently active beach nourishment projects, visit: PURPOSE This page provides information on the current progress of the plan, a full history of the plan's timeline, and tools to help better understand how the it would affect residents, property owners, and visitors to Oak Island. The Beach & Inlet Management Plan is the ongoing effort by the Town of Oak Island to provide long-term, managed solutions for the care and maintenance of the public beach and inlet areas. CLICK HERE to visit the CRC Beach Management Plan page. It is NOT related to the CRC Beach Management Plan, in response to the North Carolina Coastal Resources Commission’s (CRC) rules on the static vegetation / development line. ( NOTICE: This page provides information on the Beach & Inlet Management Plan for long term beach nourishment. ![]()
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