Superstorm Sandy group eyes ballots, insurance surcharges and oil fees to fund resiliency projects
Associated PressLONG BRANCH, N.J. — A 2% surcharge on property insurance policies, mandatory fees on the oil and gas industries, and holding a public referendum are ways a public-private group formed in the aftermath of Superstorm Sandy recommends to pay for projects to protect New Jersey from the next big storm. “We need to shift those investments to dollars that can be allocated more proactively to build resilience ahead of storms and before the most vulnerable communities suffer.” The group has designed programs in New York, New Jersey and Connecticut stemming from lessons learned from Sandy. The $7.2 billion in disaster recovery aid spent in New Jersey ranks the state third in the nation over that time span, the group said. “New Jersey is the fastest warming state in the Northeast and third-fastest in the country, meaning our communities and homes are on the frontlines,” said Anjuli Ramos-Busot, New Jersey director of the Sierra Club.
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