From the TDC's website: "To date, all work that has been conducted in regards to the Phase II Beach Restoration for the 30-A corridor has been paid using Walton County bed tax collections for beach nourishment and state grants. [B]Bed tax is paid solely by the visitors to Beaches of South Walton. No monies have been derived from Walton County Ad Valorem taxes.[/B] [I][B][U]In the future these funding sources will not be adequate to cover the anticipated cost of $40-60 million for Phase II[/U][/B][/I]. Once the amount of sand that is needed for the project areas is determined, a cost estimate will be developed and the shortfall will be identified. This is underway and a concrete number will be known in April/May after the beach design is compared with the new surveys." my italics There is no way the beach nourishment project can go forward without taxpayer dollars. Since the TDC bed tax is insufficient there are two options. A. Borrow the money via bonds. A bond is debt instrument so by definition it must be repaid. If the bed tax revenue is insufficient to service the debt then the tax payers will be on the hook. B. Increase property taxes to fund beach nourishment. Actually there is a third option which would be a blend of these two. Taxpayers are going to be paying for this beach nourishment and if you don't believe that then I have a bridge in Brooklyn I want to sell you. beachFool