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HomeMy WebLinkAbout; Fiscal Impact of Beaches in California; Fiscal Impact of Beaches in California; 1999-09-01m m m The Fiscal Impact of Beaches in California by Philip King, Ph.D Public Research Institute San Francisco State University September 1999 A Report Commissioned by The California Department of Boating and Waterways Acknowledgements: A number of people helped me complete this project. Michael Jonas assisted in collecting and analyzing much of the data and Kim Sterrett assisted in collecting the Huntingdon Beach Survey data. At PRI, Rufus Browning, James Newton and Erica Ballinger were all helpful at various stages of this project. Daniel Milne is responsible for desktop publishing the final manuscript. The Fiscal Impact of Beaches in California Contents Executive Summary 3 Introduction 4 l.The Economic Impact of California's Beaches: 1998 5 2. How Does Delaware Compare to California? 15 3. A Case Study of Huntingdon Beach 19 4. Conclusion 25 Appendix 1. Detailed Results from the Huntingdon Beach Survey 26 Appendix 2. Distribution of Funds Generated by Sales and Use Taxes in Orange County 28 References 29 The Fiscal Impact of Beaches in California Executive Summary In 1998, California's beaches generated $14 billion dollars of direct revenue. When the indirect and induced benefits of this spending are added, California's beaches total contribution to the national economy is $73 billion. The federal tax revenues generated by this beach activity are substantial. The direct federal tax revenues generated are $2.6 billion; however, the total federal tax rev- enues generated are much higher: $14 billion. California's beaches generated 883,000 jobs across the U.S. California receives less than one tenth as much in federal appropriations as New York and New Jersey, which have much smaller coastlines and fewer miles of beaches. California ranks eighth in terms of federal appropriations for shoreline protection, just ahead of Delaware. It receives just under $12,000 per mile of coastline, com- pared with well over $800,000 per mile for New York and New Jersey. While California receives twice as much in federal shoreline protection appropria- tions as Delaware (the ninth largest recipient of federal funds) its beaches generate twenty times more economic activity for the national economy and roughly twenty times more tax revenues than Delaware's beaches. In other words, California gener- ates ten times more federal tax dollars, per dollar of shoreline appropriation, than Delaware. Our study of Huntington Beach indicates that much of the federal and state tax revenues generated by local beach communities do not go back to local communi- ties. In our survey in Huntington Beach, one-half of all spending on beach activities occurred outside the city. Furthermore, many of the tax dollars generated within the city go to state and federal authorities. Overall, Huntington Beach's beaches gener- ated $135 million in federal tax revenues and $25 million in state sales tax revenues compared to only $4.8 million in local revenues from sales taxes and parking fees. The Fiscal Impact of Beaches in California Introduction Beaches are an important destination for tourists in California. They generate very large revenues for local, state and federal governments. The purpose of this report is to estimate these revenues. In particular, this study will provide data on the total economic impact that beach visits have on the national economy and the total federal revenues that are generated by this activity. The study also seeks to compare the amount of economic activity generated in California relative to another state which ranks just behind California in overall federal spending for shoreline preservation: Delaware. The study also seeks to examine the economic impact at the local level by studying one particular beach city: Huntington Beach. One often-made claim is that local beach com- munities benefit substantially from beach tourism, so that little assistance from state or federal authorities is required. The case study examines federal tax revenues as well as state sales tax revenues generated in Huntington Beach. We find in fact that the revenues gener- ated from these tax sources are substantial. This study was commissioned by the California Department of Boating and Waterways (DBW) to examine the economic and tax impact of California's beaches. The study is an outgrowth of a previous study performed for DBW in 1995. This study is divided into three sections: Chapter 1 updates the data from the 1995 study. Chapter 2 compares the fiscal impact of California's beaches to another state: Delaware. Finally, Chapter 3 provides a case study of a one-beach community, Huntington Beach, and examines the fiscal impact of the state and city beaches. The Fiscal Impact of Beaches in California 1. The Economic Impact of California's Beaches: 1998 During the fall of 1995, the Public Research Institute (PRI) at San Francisco State Univer- sity conducted a telephone survey under a contract with the California Department of Boating and Waterways. Over 600 residents throughout the state were randomly selected and asked a series of questions regarding their beach-going activities during the previous year. The results of this survey were published and they have been widely disseminated throughout the state and on the World Wide Web. Results from the survey were used to calculate the total economic impact of California's beaches on the state and national economies.1 Although the study is still relatively recent, the tremendous growth in California's economy in the late nineties coupled with a substantial increase in the growth of population of the state and moderate inflation mean that the 1995 statistics now significantly underestimate the economic impact of California's beaches. In addition, the figures provided in this study develop the analysis of the impact California's beaches have on federal tax revenues. As in the 1995 study, the impact has been analyzed using IMPLAN software; we have used the latest available data to ensure the accuracy of the results. IMPLAN uses data provided by federal, state and local governments and uses the same methodology (input-output matri- ces) used by the U.S. Bureau of Economic Analysis. IMPLAN's software has become the standard methodology for conducting this type of analysis. It is used by academics and applied economists all over the United States.2 Since conducting an entirely new survey would be prohibitively expensive and it is very unlikely that peoples' basic preferences for beaches has changed significantly, the data here has been updated from the 1995 data. The 1995 survey determined average household spending for one-day trips and for overnight trips by state residents. Tables 1.1 to 1.4 up- date the old study in several ways. First while inflation has been low, it has not been nonex- istent and three years of inflation compounded has a significant effect on the overall impact. Using monthly Consumer Price Index (CPI) data for Western consumers from the Bureau of Labor Statistics (BLS), the total cumulative change in prices is 9.4%. In addition, California's population has grown significantly. The number of households in California has increased from 10.8 million to an (estimated) 11.45 million (data from Cali- fornia Statistical Abstract). In the previous report, all spending was computed at the house- hold level and then multiplied by the number of households. Since the number of house- holds has now increased, the corresponding state numbers should increase proportionately. As in the previous report, spending was broken down into day-trip spending by Califor- nians, overnight spending by Californians, and spending by tourists from out of state in- eluding foreign visitors. Except for the changes mentioned above, the methodology em- ployed is the same as in the 1995 study. * King, Philip and Michael Potepan, The Economic Value of California's Beaches, Public Reseach Institute Re- port Commision by the California Department of Boating and Waterways, May 1997. 2 For more information on IMPLAN software see www.implan.com. The Fiscal Impact of Beaches in California Table 1 .1 Average Number of and Average Expenditure on Beach Trips by California Households: A Summary of Survey Responses Based on 9.47% inflation from 1 995 to 1 998 Total Number of Households Responding to Survey 641 Households A. Households Taking Day Trips Total Number of Households Taking Day Trips 409 Households (63.8%) Mean Number of Day Trips per Year 1 5.24 Day Trips Mean Number of Persons on Typical Day Trip 4.0 Persons Mean Expenditures Per Household on Typical Day Trip 1995 Dollars _ 1998 Dollars Gas & Auto $11.05 $12.10 Parking & Entrance Fees $3.15 $3.45 Food & Drinks from stores $1 5.04 $1 6.46 Restaurants $15.78 $17.27 Equipment Rental $2.53 $2.77 Beach Sporting Goods $2.35 $2.57 Incidentals _ $4.97 $5.44 All Items $54.87 $60.07 B. Households Taking Overnight Trips Total Number of Households Taking Overnight Trips 234 Households (36.5%) Mean Number of Overnight Trips per Year 4.6 Overnight Trips Mean Number of Days of Typical Overnight Trip 2.65 Days Mean Number of Persons on Typical Overnight Trip 4.34 Persons Mean Expenditures Per Household on Typical Overnight Trip 1995 Dollars _ 1998 Dollars Gas & Aulo $35.28 $38.62 Beach Related Lodging $90.47 $99.04 Parking & Entrance Fees $4.63 $5.07 Food & Drinks from stores $39.45 $43.19 Restaurants $53.39 $58.45 Equipment Rental $9.11 $9.97 Beach Sporting Goods $2.34 $2.56 Incidentals _ $11.11 $12.16 All Items $246.83 $269.06 The Fiscal Impact of Beaches in California Table 1.2 Estimates of Beach Attendance and Spending for California Households on Day Trips to the Beach 1995 Sub-Sample Full Sample of 409 Taking of 641 Total Day Trips Households Surveyed Attendance Days from Survey Mean Number of Day Trips 15.24 10.13 Mean Number of Persons Per Day Trip 4 2.66 Mean Annual Person Attendance Days 48.14 32.02 B. Spending From Survey Mean Household Spending Per Trip Mean Per Person Spending Per Trip Mean Annual Household Spending Mean Annual Per Person Spending C. Statewide Attendance Projections Mean Annual Person Attendance Days per Household 32.02 Total California Households (millions) 10.8 Total Person Attendance Days (millions) 345.78 D. Total Direct Statewide Spending on Day Trips Mean Annual Spending Per Household 344.75 Total CA Households (millions) 10.8 Total Statewide Spending (millions) . $3,723.34 1998 Sub-Sample Full Sample of 409 of 641 Total Taking Day Households Trips Surveyed $54.87 $16.45 $518.40 $171.57 $36.49 $10.94 $344.75 $114.10 $60.07 $18.01 $567.51 $187.82 $39.95 $11.98 $377.41 $124.91 32.02 11.45 366.63 382.84 11.45 $4,383.52 The Fiscal Impact of Beaches in California Table 1.3 Estimates of Beach Attendance and Spending for California Households on Overnight Trips to the Beach 1995 Sub-Sample Full Sample of 409 Taking of 641 Total Day Trips Households Surveyed 1998 Sub-Sample Full Sample of 409 of 641 Total Taking Day Households Trips Surveyed 1.75 1.01 1.65 12.59 A. Attendance Days from Survey Mean Number of Overnight Trips 4.6 Mean Number of Days per Trip 2.65 Mean Number of Persons Per Trip 4.34 Mean Annual Person Attendance Days 33.1 B. Spending From Survey Mean Household Spending Per Trip Mean Per Person Spending Per Trip Mean Annual Household Spending Mean Annual Per Person Spending C. Statewide Attendance Projections Mean Annual Person Attendance Days per Household 12.59 Total California Households (millions) 10.8 Total Person Attendance Days (millions) 135.97 D. Total Direct Statewide Spending on Overnight Trips Mean Annual Spending Per Household 345.4 Total CA Households (millions) 10.8 Total Spending (millions) $3,730.32 $246.83 $82.09 $907.79 $345.24 $93.92 $31.24 $345.40 $131.36 $270.21 $89.87 $993.79 $377.95 $102.82 $34.20 $378.12 $143.80 12.59 11.45 144.16 383.57 11.45 $4,391.88 The Fiscal Impact of Beaches in California Table 1.4 Estimates of Beach Attendance and Spending for Out-of-State Tourists Taking Trips to California's Beaches A. Statewide Attendance Estimates Total Attendance Days (Tourists 15% of Total) 566.76 California Residents' Total Attendance Person Days 481.75 Out-of-State Tourist Person Attendance Days (millions) 85.01 B. Converting Attendance Days to Out-of-State Tourist Trips Out-of-State Tourist Attendance Days 85.01 Mean Trip Length for Out-of-State Tourists (days) 2.65 Out-of-State Tourists Visiting State's Beaches (millions) 32.08 Total Out-of-State Tourist Trips to the Beach (millions) 12.83 C. Statewide Spending Projections 1995 1998 Household Spending Per Trip (3) $246.83 $270.21 Out of State Tourist Trips (millions) 12.83 12.83 Total Statewide Spending (millions) $3,166.87 $3,466.84 Tables 1.5 to 1.8 provide the "Economic Impact" numbers using the data provided in Tables 1.1-1.4. As one can see, total direct statewide spending on California's beaches is just over $12 billion dollars, a significant increase from 1995, when it was just over $10 billion. How- ever, one must also take into account the indirect and induced effects of state spending on beaches since this spending provides jobs and income for California and non-California residents, who in turn spend their added income. Since the numbers provided here are national figures, this indirect and induced effect is much larger than the effects formerly calculated for the state. This is because more of the spillover effect of adding new jobs is captured at the national level. As a result, the employment generated by California's beaches has a substantial impact on the national economy, generating $63 billion in revenue when all effects are taken into account. The primary purpose of this investigation is to examine the impact of California's beaches on federal tax revenues. Tables 1.6 and 1.7 provide this information. If one just looks at the direct expenditures, California's beaches provide $2.3 billion in tax revenues for the federal government. If one includes indirect and induced effects, the number rises to $12 billion. Finally, Table 1.8 estimates the number of jobs created by California's beaches in 1998. The direct effect is 273,000 jobs; the total effect is 883,000 jobs. The Fiscal Impact of Beaches in California Table 1.5 Total National Economic Impact of Beach Spending in California in 1998: Expenditures Updated for Inflation and Population A. Spending by California Households on Day Trips Spending by California Households on Overnight Trips Spending by Out-of-State Tourists Total Direct Statewide Spending B. Indirect Spending Induced Spending $4,321,537,219 $4,311,359,394 $3,452,096,522 $12,084,993,135 $6,582,000,000 $44,698,000,000 |C. Combined National Economic Impact of Beach Spending $63,364,993,135 Table 1.6 Impact of California Beach Direct Expenditure on Federal Tax Receipts, Updated Updated for Inflation and Population B. C. D. Ratios of Tax Receipts to GDP are average values from 1995-1997 Estimated 1998 California Beach Direct Expenditure: Updated using Inflation Ratio of Income Tax Receipts to GDP Estimated 1998 Federal Income Tax Revenue Generated By Direct California Beach Spending Ratio of Corporate Tax Receipts to GDP Estimated 1998 Federal Corporate Tax Revenue Generated By Direct California Beach Spending Ratio of Excise Tax Receipts to GDP Estimated 1998 Federal Corporate Tax Revenue Generated By Direct California Beach Spending Ratio of Total Tax Receipts to GDP Estimated 1998 Federal Tax Revenue Generated By Direct California Beach Spending $ 12,084,993,135 0.0861 $ 1,041,065,831 $ $ 0.0222 268,541,360 0.0073 88,734,893 0.1906 $ 2,303,116,875 10 The Fiscal Impact of Beaches in California Table 1.7 Total Impact of California Beach Spending on Federal Tax Receipts: Expenditures Updated for Inflation and Population Ratios of Tax Receipts to GDP are average values from 1995-1997 Estimated 1998 National Economic Impact of California Beach Spending : Updated using Inflation $ 63,364,993,135 A. Ratio of Income Tax Receipts to GDP 0.0861 Estimated 1998 Federal Income Tax Revenue Generated By California Beach Spending $ 5,458,598,815 B. Ratio of Corporate Tax Receipts to GDP 0.0222 Estimated 1998 Federal Corporate Tax Revenue Generated By California Beach Spending $ 1,408,037,328 C. Ratio of Excise Tax Receipts to GDP 0.0073 Estimated 1998 Federal Corporate Tax Revenue Generated By California Beach Spending $ 465,261,821 D. Ratio of Tax Receipts from Other Sources* to GDP 0.0749 Estimated 1998 Federal Tax Revenue From Other Sources Generated by California Beach Spending $ 4,743,986,842 E. Ratio of Total Tax Receipts to GDP 0.1906 Estimated 1998 Federal Tax Revenue Generated By ss i-j • n i- n -!•California Beach Spending 'Comprised primarily of social insurance and retirement receipts. Table 1.8 Total National Employment Impact of 1998 California Beach Spending: Expenditures Updated for Inflation and Population A. Total Direct National Employment 278,180 B. Indirect and Induced National Employment Indirect Employment 68,296 Induced Employment 537,067 Total Induced and Indirect Spending 605,363 C. The Combined National Employment Impact 883,543 11 The Fiscal Impact of Beaches in California In addition to changes in the overall price level and population, California has also experi- enced significant growth in income per capita, particularly given the recent boom in tech- nology spending. The numbers calculated in tables 1.1 to 1.8 do not take the increase in household income into account. Further, economists also have found that spending on beaches and other recreational activities is highly sensitive to changes in income. In economic parlance, a 5% increase in income will not necessarily reflect a 5% increase in spending. To correct for the change in income properly, one must use data on the income elasticity of demand.3 Tables 1.9 to 1.13 are analogous to tables 1.5 to 1.8 except that they take into account the effect of an increase in Californian's income. As one can see, when this effect is taken into account, total direct spending at California's beaches increases to $14 billion and direct federal tax revenues increase to $2.6 billion. The combined national impact is $73 billion and the total federal tax impact is just over $14 billion. Table 1.9 Total 1998 California Beach Spending by Expenditure Category Updated for Income Category Estimated 1998 Total CA Day Trip Spending (adjusted for pop growth Estimated Estimated 1998 Total 1998 CA 1998 Total CA Out-of-State Direct Beach Overnight Trip Beach Spending Spending Spending ($mil) ($mil) (adjusted for pop growth Gas & Auto Beach Related Lodging Parking & Entrance Fees Food & Drinks from Stores Restaurants Equip Rental Beach Sporting Goods Incidentals TOTALS $944.11 $0.00 $253.65 $1,271.61 $1,391.15 $279.71 $259.81 $466.58 $4,866.63 $671.36 $1,583.05 $83.04 $742.88 $1,048.32 $224.32 $57.62 $232.30 $4,642.88 $655.19 $1,558.93 $81.55 $725.78 $1,019.81 $213.78 $54.91 $224.60 $4,534.54 $2,270.66 $3,141.97 $418.23 $2,740.27 $3,459.28 $717.81 $372.34 $923.48 $14,044.05 3 The data used here was obtained from Falvey, Rodney and Gemmell, Norman "Are Services Income-Elastic? Some New Evidence" Review of Income and Wealth, 42, No 3,1996. 12 The Fiscal Impact of Beaches in California Table 1.10 Impact of California Beach Direct Expenditure on Federal Tax Receipts, Updated for Income Ratios of Tax Receipts to GDP are average values from 1995-1997 Estimated 1998 California Beach Direct Expenditure: Updated using Elasticities A. Ratio of Income Tax Receipts to GDP Estimated 1998 Federal Income Tax Revenue Generated By Direct California Beach Spending B. Ratio of Corporate Tax Receipts to GDP Estimated 1998 Federal Corporate Tax Revenue Generated By Direct California Beach Spending C. Ratio of Excise Tax Receipts to GDP Estimated 1998 Federal Corporate Tax Revenue Generated By Direct California Beach Spending D. Ratio of Total Tax Receipts to GDP $ 14,044,049,092 0.0861 $ 1,209,829,370 0.0222 $ 312,073,661 0.0073 $ 103,119,396 0.1906 Estimated 1998 Federal Tax Revenue Generated By Direct California Beach Spending $ 2,676,467,094 Table 1.11 Total National Economic Impact of Beach Spending in California in 1998: Updated for Income A. Spending by California Households on Day Trips Spending by California Households on Overnight Trips Spending by Out-of-State Tourists Total Direct Statewide Spending B. Indirect Spending Induced Spending C. Combined National Economic Impact of Beach Spending $ $ $ 4,866,630,047 4,642,877,898 4,534,541,147 $ 14,044,049,092 $ 7,718,000,000 $ 51,786,000,000 $ 73,548,000,000 13 The Fiscal Impact of Beaches in California Table 1.12 Total Impact of California Beach Spending on Federal Tax Receipts: Updated for Income B. D. Ratios of Tax Receipts to GDP are average values from 1995-1997 Estimated 1998 National Economic Impact of California Beach $ Spending: Updated using Income Elasticities Ratio of Income Tax Receipts to GDP Estimated 1998 Federal Income Tax Revenue Generated By $ California Beach Spending Ratio of Corporate Tax Receipts to GDP Estimated 1998 Federal Corporate Tax Revenue Generated By $ California Beach Spending Ratio of Excise Tax Receipts to GDP Estimated 1998 Federal Corporate Tax Revenue Generated By $ California Beach Spending Ratio of Tax Receipts From Other Sources* to GDP Estimated 1998 Federal Tax Revenue From Other Sources $ Generated By California Beach Spending Ratio of Total Tax Receipts to GDP 73,548,000,000 0.0861 6,335,817,394 0.0222 1,634,314,537 0.0073 540,031,249 0.0749 5,506,364,430 0.1906 Estimated 1998 Federal Tax Revenue Generated By California $ Beach Spending 14,016,527,609 * Comprised primarily of social insurance and retirement receipts. Table 1.13 Total National Employment Impact of 1998 California Beach Spending; Updated for Income A. Total Direct National Employment B. Indirect and Induced National Employment Indirect Employment Induced Employment Total Induced and Indirect Spending C. The Combined National Employment Impact 321,647 jobs 79,793 622,264 702,057 1,023,704 jobs 14 p m The Fiscal Impact of Beaches in California y my P|y C ft IH f If PI 2. How does Delaware compare to California? As shown in Table 2.1, although California has the longest coastline of the twelve states receiving funds and the second longest shoreline (after Florida), it ranks eight overall in federal appropriations for shoreline protection. In terms of overall spending per mile of shoreline, California again ranks second to last. If one includes only coastline, the compari- son is even starker. California receives just under $12,000 per mile of coastline compared to over $800,000 for New York and New Jersey. In other words, New York and New Jersey receive over 75 times more federal dollars per mile of coastline than California. Given the substantial revenues generated by California's beaches, a useful point of compari- son might be another state that receives substantial assistance from the federal government. To make an accurate comparison, we chose a state that has performed a similar study to the one completed in Section l.The most comprehensive study has been performed by the state of Delaware, prepared by Jack Faucett Associates.4 Although at first glance Delaware, a small state, might seem to be a strange comparison with California, in terms of federal funding, the two states rank eighth and ninth, as one can see from Table 2. l.The two states also rank tenth and eleventh in terms of federal appropriations per mile of shoreline. Table 2.1 Federal Appropriations for Shoreline Protection by State Total Federal Appropriations FY 95-99 State (millions of $) New Jersey New York Florida South Carolina Virginia Illinois North Carolina California Delaware Pennsylvania Maryland 111 104 90 46 45 30 18 10 5 2 2 Coastline* 130 127 770 187 112 0 301 840 28 0 31 Appropriations per mile of Coastline Shoreline* 1792 1850 5095 2876 3315 3375 3427 381 89 3190 * Source: National oceanographic and Atmospheric A (ministration; U.S. $ $ $ $ $ $ $ $ $ 853,846.15 818,897.64 116,883.12 245,989.30 401,785.71 N.A 59,800.66 11,904.76 178,571.43 N.A. 64,516.13 Appropriations per mile of Shoreline $ $ $ $ $ $ $ $ $ $ 61,941.96 56,216.22 17,664.38 15,994.44 13,574.66 N.A. 5,333.33 2,918.00 13,123.36 22,471.91 626.96 Department of Commerce 4 Jack Faucett Associates, "The Economic Effects of a Five Year Nourishment Program for the Ocean Beaches of Delaware", Final report, March 1998. fty 15 The Fiscal Impact of Beaches in California The survey data contained in the Delaware study was remarkably similar in scope and meth- odology to the one conducted through PRI. Consequently, it was relatively straightforward to update the data. As in Section 1, the data was updated for changes in the price level, in incomes and in population. The national impact figures were calculated using IMPLAN software and the same methodology used as in Section 1. In short, the comparison of the economic impacts in the two states should be quite appropriate given that the same meth- odologies were applied. Tables 2.2 to 2.5 provide information on spending in Delaware comparable to the tables in Section 1. In all cases, we have updated for inflation, for popu- lation increases and for increases in income as we did in Section 1. Table 2.6 provides a breakdown of out-of-state spending at Delaware's beaches. As one can see, the differences are quite dramatic, reflecting the differences in the size of the state. While California receives only twice as much in shoreline protection as Delaware, the total direct spending by beach visitors in Delaware is $652 million, compared to $14 billion in California. If one accounts for indirect and induced effects, Delaware's beaches contrib- ute $3.7 billion to the national economy, but California's total impact is over $73 billion. The revenue impact tells the same story: Delaware's total economic impact from beach tourism contributed $715 million in federal tax revenues, while California contributed $14 billion. In sum, California's beaches contribute roughly twenty times more to the national economy and to federal tax revenues than Delaware Beaches, while receiving only twice as much from the federal government in shore protection appropriations. Another way of thinking about this difference is: California's beaches generate approximately 10 times the federal tax ben- efit per dollar spent by the federal government in shore protection. Table 2.2 Delaware Overnight Trip Beach Expenditures by Category Updated for Income and Population Growth Category 1996 Expenditure per Overnight Trip by Category Total 1996 Expenditure on Overnight Trips Income Elasticities Estimated 1998 Expenditures on Overnight Trips Lodging Restaurants Entertainment Food Shopping Non Food Shopping Transportation $179.37 $106.20 $59.00 $45.30 $68.18 $17.65 $167,616,555.35 $99,236,114.47 $55,131,174.70 $42,326,514.77 $63,712,075.28 $16,494,891.79 Totals $475.69 $444,517,326.36 0.7115 $183,805,410.58 1.6126 $117,872,448.27 2.1498 $68,482,665.62 1.2735 $48,822,448.95 3.7162 $89,243,926.39 1.3572 $19,166,151.16 $527,393,050.98 16 The Fiscal Impact of Beaches in California Table 2.3 Delaware Day Trip Beach Expenditures by Category Updated for Income and Population Growth Category Lodging Restaurants Entertainment Food Shopping Non Food Shopping Transportation Totals 1996 Expenditure per Day Trip by Category $0.00 $19.95 $9.28 $11.74 $22.69 $6.44 $70.11 Total 1996 Expenditure on Day Trips $0.00 $ 36,621,044.43 $ 17,036,634.86 $ 21,553,144.56 $ 41,652,256.08 $ 11,825,277.52 $128,688,357.45 Income Elasticities 0.7115 1.6126 2.1498 1.2735 3.7162 1.3572 Estimated 1998 Expenditures on Overnight Trips $0.00 $ 43,498,399.63 $ 21,162,512.40 $ 24,860,948.40 $ 58,343,898.85 $ 13,740,317.88 $161,606,077.17 Table 2.4 National Impact of 1998 Delaware Beach Spending A. National Spending Impacts Direct Spending Indirect Spending Induced Spending Total Impact B. National Employment Impacts Direct Employment Indirect Employment Induced Employment Total Employment $ 652,030,302.00 $ 381,424,442.00 $ 2,722,655.693.00 $ 3,756,110,438.00 17,060 4,046 32,716 53,821 17 The Fiscal Impact of Beaches in California Table 2.5 Total Impact of Delaware Beach Spending on Federal Tax Receipts Ratios of Tax Receipts to GDP are average values from 1995-1997 Estimated 1998 National Economic Impact of Delaware Beach Spending : Updated using Inflation $3,756,110,438 A. Ratio of Income Tax Receipts to GDP 0.0861 Estimated 1998 Federal Income Tax Revenue Generated By Delaware Beach Spending 323,571,407 B. Ratio of Corporate Tax Receipts to GDP 0.0222 Estimated 1998 Federal Corporate Tax Revenue Generated By Delaware Beach Spending 83,464,756 C. Ratio of Excise Tax Receipts to GDP 0.0073 Estimated 1998 Federal Corporate Tax Revenue Generated By Delaware Beach Spending 27,579,499 D. Ratio of Total Tax Receipts to GDP 0.1906 Estimated 1998 Federal Tax Revenue Generated By Delaware Beach Spending $715,826,748 Table 2.6 Estimated 1998 Expenditures on Overnight Trips to Delaware Beaches by State of Residence of Beach Visitors Estimated 1998 Estimated 1998 Number of Overnight Overnight Trip Direct Trips by State of Expenditure by State State of Residence Percent of All Visitors Origin of Origin Maryland Pennsylvania New Jersey New York Virginia Delaware Connecticut Massachusetts Florida West Virginia Other 22.6 19.59 19.28 9.71 8.3 8.24 1.93 1.53 1.05 1.04 6.73 2,930,994 $ 2,540,627 $ 2,500,423 $ 1,259,290 $ 1,076,427 $ 1,068,646 $ 250,302 $ 198,426 $ 136,175 $ 134,878 $ 872,814 $ 12,969,000 $ 119,190,830 103,316,299 101,681,380 51,209,865 43,773,623 43,457,187 10,178,686 8,069,114 5,537,627 5,484,888 35,493,552 527,393,051 18 The Fiscal Impact of Beaches in California 3. A Case Study of Huntington Beach In many ways, Huntington Beach is a typical beach community in Southern California. Huntington Beach is a small to medium sized city (population about 190,000) city just 35 miles southeast of Los Angeles. One issue of concern to many policy makers is the extent to which tax revenues generated by local governments benefit the locality itself, as opposed to the state or the federal government. This case study examines the revenues generated by federal taxes, by state sales taxes and by parking revenues (some go to the state and some go to the city). The purpose is to estimate the tax revenue impact of beach spending from one specific community. Although Huntington Beach represents only one community, it is quite likely that spending patterns in other Southern California beach communities will be similar, so that the relative ratios between state, local and federal tax dollars generated will likely be similar. The data used for this study was obtained from several sources. Information on total beach attendance was obtained from the City of Huntington Beach, which maintains monthly and yearly statistics on beach attendance at its state and city beaches. In addition a survey of beach visitors was undertaken by Kim Sterret and Philip King on July 9,1999. Care was taken to get a full, representative sample throughout all portions of both the city and state beaches. A Friday was chosen as the most representative day since it on the cusp between a weekday and a weekend day. Respondents were given a brief survey about their spending habits, in particular how much they spent and where the money was spent. As one can see in the tables below, a substantial amount of the beach spending occurred in inland communities—not at Huntington Beach. In addition, visitors were asked how far away from Huntington Beach they lived (including out-of-state and foreign visitors). Overall, the spending percentages conformed closely to those in our survey from 1995, and the relative spending percentages from this study were used with one exception; parking was a significantly larger proportion of overall expenses for day-trippers in our July 9th survey than in the 1995 telephone survey. This result is not surprising since Huntington Beach requires visitors to pay for parking and some other beaches do not. The results of the survey are presented in Table 3.1. The overall breakdown of visitors is also consistent with the percentage breakdown provided by the City of Huntington Beach from their records of people needing medical attention at the beach. For a more detailed breakdown of survey results, the reader may consult the appendix. 19 The Fiscal Impact of Beaches in California Table 3.1 Results of the Huntington Beach Survey Category Local Less Than 60 Miles In-State, > 60 Miles Out of State Out of Country Number of Parties 18 54 10 23 4 Number of People 53 274 39 86 8 Percent of Total Number of People 12% 60% 8% 19% 2% Ayg. Daily Expenditure $ $ $ $ $ per Party 11.93 54.46 102.30 109.61 70.75 $ $ $ $ $ Aug. Percent A\g. Daily of Expenditure Expenditure per Person 4.05 10.73 26.23 29.31 35.38 in Huntington Beach 68.33% 42.43% 48.30% 61.39% 62.00% Totals 109 460 100% $ 64.06 $ 15.18 49.80%* 'Average, weighted by number of people in each category. Please note that only about half (49.80%) of all spending that results from trips to Huntington Beach actually occurs in Huntington Beach. Most of the other spending occurs within a 60- mile radius of Huntington Beach. For example, note that by far the largest category of beach attendees come from Orange county and neighboring counties, but do not reside in Huntington Beach. A substantial portion of their spending occurs outside of the city. In addition, many people visiting Southern California (e.g., Disneyland) plan to attend Hun- tington Beach for a day, but the majority of their expenditures for that day lie outside city limits. Given the information from Table 3.1, it is possible to estimate the total impact of beach spending generated at Huntington Beach. This is presented in Table 3.2. The total direct yearly expenditure by all visitors is estimated to be $139 million. Table 3.2 Estimated 1998 Direct Beach Expenditure Generated by Huntington Beach Tourists Category Local Less Than 60 Miles In-State, > 60 Miles Out of State Out of Country Percent 11.5 59.6 8.5 18.7 1.7 1998 Estimated Attendance 1,055,109 5,454,713 776,401 1,712,063 159,262 Avg. Daily Expenditure per Person $4.05 $10.73 $26.23 $29.31 $35.38 Total 1998 Direct Exp. $4,276,176 $58,548,578 $20,365,588 $50,187,339 $5,633,882 Totals 100 9,157,547 $139,011,563 20 The Fiscal Impact of Beaches in California Tables 3.3 and 3.4 estimate the national impact of these expenditures using the same meth- odology applied in Sections 1 and 2. As before, the indirect and induced effect implies that the total national impact is substantially greater than the direct impact. In this case, the total national impact is $711 million. The total amount of federal taxes generated by this activity is $135 million. Table 3.3 National Impact of 1998 Huntington Beach Expenditures Direct Expenditure $ 130,391,325 Indirect Expenditure $ 73,785,749 Induced Expenditure $ 507,158,111 Total $ 711,335,183 Table 3.4 Impact of 1998 Huntington Beach Direct, Indirect and Induced Expenditure on Federal Tax Receipts Ratios of Tax Receipts to GDP are average values from 1 995-1 997 A. B. C. D. Estimated 1 998 Huntington Beach Total Expenditure $ Ratio of Income Tax Receipts to GDP Estimated 1998 Federal Income Tax Revenue Generated By Total Huntington Beach Spending $ Ratio of Corporate Tax Receipts to GDP Estimated 1998 Federal Corporate Tax Revenue Generated By Total Huntington Beach Spending $ Ratio of Excise Tax Receipts to GDP Estimated 1998 Federal Corporate Tax Revenue Generated By Total Huntington Beach Spending $ Ratio of Total Tax Receipts to GDP Estimated 1998 Federal Tax Revenue Generated By Total Huntington Beach Spending $ 711,335,183 0.0861 61,278,210 0.0222 15,806,622 0.0073 5,223,028 0.1906 135,563,839 21 The Fiscal Impact of Beaches in California Since the state economy is smaller than the national economy, the total effect of Hunting- ton Beach spending is smaller. Nevertheless, the total impact on California's economy of Huntington Beach tourism is $329 million as shown in Table 3.5. Table 3.5 Impact of 1998 Beach Expenditures at Huntington Beach on the CA Economy Direct Expenditure $ 139,939,222 Indirect Expenditure $ 38,956,845 Induced Expenditure $ 160.895.602 Total $ 329,791,669 Tables 3.6 and 3.7 estimate the total sales tax impact from the direct spending ($10 million) as well as the total sales tax effect ($25.5 million). Table 3.6 CA Sales Taxes Generated by Total Huntington Beach Spending Jurisdiction State (General Fund) State (Local Revenue Fund) State (Local Public Safety Fund) Local (City and County Operations) Local (County Transportation Funds) Orange County (Transportation) Total Rate 5.00% 0.50% 0.50% 1 .00% 0.25% 0.50% 7.75% Revenue Generated $ $ $ $ $ $ $ 16,489,583.45 1,648,958.35 1,648,958.35 3,297,916.69 824,479.17 1,648,958.35 25,558,854.35 Table 3.7 CA Sales Taxes Generated by Direct Huntington Beach Expenditure Jurisdiction State (General Fund) State (Local Revenue Fund) State (Local Public Safety Fund) Local (City and County Operations) Local (County Transportation Funds) Orange County (Transportation) Total Rate 5.00% 0.50% 0.50% 1.00% 0.25% 0.50% 7.75% Revenue Generated $ $ $ $ $ $ $ 6,698,488.58 669,848.86 669,848.86 1,339,697.72 334,924.43 669,848.86 10,382,657.29 22 The Fiscal Impact of Beaches in California As one can see in Table 3.7 the total sales tax revenue generated from direct spending is $7.7 million.5 However, most of the revenue goes to the State of California, not to local authori- ties. Table 3.8 gives a detailed breakdown of where the money is allocated by the State of California's Board of Equalization (BOE). In fact, according to the BOE, only just over $1 million goes directly to Huntington Beach. Another $1.7 million is distributed to Orange County; some of this is distributed to Huntington Beach. In all, we estimate that only $1.1 million in sales tax revenues generated from beach activity goes back to the City of Huntington Beach. Table 3.8 California Sales Tax Revenue From Direct Expenditure Jurisdiction Rate Revenue Generated* 1. State (General Fund) 2. State (Local Revenue Fund, Disbursed to county) 3. State (Local Public Safety Fund, Disbursed to county) 4. Orange County (Transportation) 5. Local (County Transportation Funds) 6. Local (City and County Operations, Disbursed to incorporated city Total 5% 0.50% 0.50% 0.50% 0.25% 1% 7.75% $ $ $ $ $ $ $ 5,014,142 501,414 501,414 501,414 250,707 1,002,828 7,771,921 'Revenues are calculated by multiplying direct expenditures subject to sale taxes by the various tax rates. Revenue from Items 2 and 3 are earmarked for indigent healthcare and general public safety, and are disbursed at the county level. Item 4 is a special district tax imposed and allocated to Orange County. Items 5 and 6 form the Bradley-Burns Uniform Local Sales and Use Tax. Revenues from Item 6 are distributed to the location of sale if the transaction took place in an incorporated city, or, otherwise, to the county level. 5 Not all of the direct expenditures are subject to sales tax; for example, some food items are exempt. Our survey results were used to estimate the total expeditures subject to sales tax. 23 The Fiscal Impact of Beaches in California Finally, tables 3.9 and 3.10 show the estimated local tax benefits from Huntington Beach tourism. As one can see, the numbers are quite modest compared to the state and national totals, and parking fees (on valuable property) generate most of the local revenues. This result occurs for two main reasons: (1) half of all spending on beach activities occurs outside of the city, (2) as shown in table 3.9, most of the sales tax revenues go to the state, not to local governments. Including parking fees, the city receives $3.2 million in revenues. If indirect and induced effects are added, the number increases to $4.8 million. Table 3.9 Local Revenues From Direct Expenditures Direct Sales Tax Revenue to Orange County $ 1,754,950 Huntington Beach Population as a Percentage of Orange County x 0.07 Estimated Sales Tax Revenue to Huntington Beach disbursed $ 122,846 by the county Direct Sales Tax Revenue to Huntington Beach $ 1,002,828 Revenue from Parking and Entrance Fees $ 2,076.679 Total Local Revenue from Direct Expenditures $ 3,202,354 M Table 3.10 Local Revenues From Total (Direct and Indirect) Expenditures «M Total CA Sales Tax Revenue from Direct and $ 18,702,111 Indirect Expenditures ** Percent of Sales Tax Revenue to County Level x 0.226 Total Sales Tax Revenue to Orange County $ 4,223,057 01 Huntington Beach Population as a Percentage of Orange County x 0.07 Estimated Sales Tax Revenue to Huntington Beach Disbursed from $ 295,614 «» County Level Proportion of Sales Tax Revenue Allocated to City x 0.129 ** Huntington Beach Sales Tax Revenue $ 2,413,176 ** Revenue from Parking and Entrance Fees $ 2,076,679 urn Total Local Revenue from Direct and Indirect Expenditures $ 4,785,469 24 The Fiscal Impact of Beaches in California 4. Conclusion Our study indicates that the impact that California's beaches has on the state and national economy, which was substantial in 1995, has grown significantly. California's beaches con- tribute $73 billion to the national economy and generate $14 billion in tax revenues for the federal government. In comparison, California only received $10 million in shore protec- tion appropriations from fiscal year 1995-1999. In terms of overall federal spending for shoreline preservation, California ranks eighth out of eleven states receiving funds. When compared with Delaware, a state ranking just behind California in overall federal funding, California generates twenty times more economic activity per federal dollar appropriated than Delaware. When compared to New York or New Jersey, the largest recipients of federal shoreline funding, California receives roughly 75 times fewer dollars per mile of coastline than New York or New Jersey. Our study of Huntington Beach indicates that much of the federal and state tax revenues generated by local beach communities does not go back to local communities. In our survey in Huntington Beach, one-half of all spending on beach activities occurred outside the city. Further, many of the tax dollars generated within the city go to state and federal authorities. Overall, Huntington Beach's beaches generated $135 million in federal tax revenues and $25 million in sales tax revenues compared to only $4.8 million in local revenues from sales taxes and parking fees. 25 The Fiscal Impact of Beaches in California Appendix 1: Detailed Results from the Huntington Beach Survey Table A1 Huntington Beach Pier Category Local Less Than 60 Miles In-State, > 60 Miles Out of State Out of Country Number of Parties 5 4 3 7 1 Number of People 10 15 9 14 1 Percent of Total 20% 31% 18% 29% 2% Avg. Daily Expenditure per Party $5.20 $16.25 $36.00 $68.29 $18.00 Avg. Daily Expenditure per Person $2.60 $4.33 $12.00 $34.15 $18.00 Avg. Percent of Expenditure in Huntington Beach 80% 95% 77% 100% 80% Totals 20 49 100%$34.75 $14.18 89.76%* Table A2 City Beach Category Local Less Than 60 Miles In-State, > 60 Miles Out of State Out of Country Totals Table A3 North of Rer Category Local Less Than 60 Miles In-State, > 60 Miles Out of State Out of Country Number of Parties 5 12 3 8 2 30 Number of Parties 3 10 2 3 1 Number of People 12 50 12 27 4 105 Number of People 6 30 13 5 3 Percent of Total 11% 48% 11% 26% 4% 100% Percent of Total 11% 53% 23% 9% 5% Avg. Daily Expenditure per Party $22.50 $56.33 $198.33 $103.13 $125.00 $81.95 Avg. Daily Expenditure per Party $10.00 $15.60 $55.00 $56.67 $15.00 Avg. Daily Expenditure per Person $9.38 $13.52 $49.58 $30.56 $62.50 $23.41 Avg. Daily Expenditure per Person $5.00 $5.20 $8.46 $34.00 $5.00 Avg. Percent of Expenditure in Huntington Beach 57.50% 64.58% 68.33% 48.75% 34.00% 58.97%* Avg. Percent of Expenditure in Huntington Beach 33.33% 34.50% 20.00% 36.00% 100.00% Totals 19 57 100%$25.32 $8.44 34.65%* 26 The Fiscal Impact of Beaches in California Table A.4 Huntington State Beach Category Local Less Than 60 Miles In-State, > 60 Miles Out of State Out of Country Number of Parties 1 14 2 3 0 Number of People 2 105 5 31 0 Percent of Total 1% 73% 3% 22% 0% $ Avg. Daily Expenditure per Party $20.00 $49.00 $105.00 $326.00 $ Avg. Daily Expenditure per Person $10.00 $6.53 $42.00 $31.55 - Avg. Percent of Expenditure in Huntington Beach 100.00% 10.43% 4.00% 36.67% 0.00% Totals 20 143 100%$94.70 $13.24 17.14%* Table A.5 City Beach, South End Category Number of Parties Number of Percent of People Total People Avg. Percent Avg. Daily Avg. Daily of Expenditure Expenditure Expenditure in Huntington per Party per Person Beach Local Less Than 60 Miles In-State, > 60 Miles Out of State Out of Country 4 14 0 2 0 23 74 0 9 0 22% 70% 0% $ 8% 0% $ $12.20 $35.23 $ $35.00 $ $2.12 $6.67 - $7.78 - 100.00% 46.07% 0.00% 52.00% 0.00% Totals 20 106 100%$30.60 $5.77 58.28%* 27 The Fiscal Impact of Beaches in California Appendix 2 : Distribution of Funds Generated by Sales and Use Taxes in Orange County The sales tax rate in Orange County is 7.75%, which can be broken down into its compo- nents of the standard statewide sales tax rate of 7.25%, and the Orange County special district transactions and use tax of 0.5%. The standard statewide tax can be further decomposed into the sales and use tax portion (6%), and the Bradley-Burns Uniform Local Sales and Use Tax (1.25%). The destination of the funds generated by these components are given in the table below. Orange County Sales and Use Tax Revenue Distribution Sales and Use Tax 5% General Fund 0.5% Local Revsnue Fund 0.5% Local Public Safety Fund Bradley-Bums 1% County and Incorporated City General Fund 0.25% County Transportation Funds District Transactions and Use Tax 0.5% Orange County Local Transportation Authority Total 7.75% Sources: California State Board of Equalization Annual Report 1998, Appendix Table 2. CA Board of Equalization, California City and County Sales and Use Tax Rates, April 1999. 28 The Fiscal Impact of Beaches in California m m m m m References: California Department of Finance. California Statistical Abstract, http://www.dof.ca.gov/ html/fs_data/stat-abs/toc.htm, (December 1998). California State Board of Equalization. Annual Report, 1998. . California City and County Sales and Use Tax Rates, April 1999. Falvey, Rodney and Norman Gemmell. "Are Services Income-Elastic? Some New Evi- dence", Review of Income and Wealth, 42, No 3,1996. Jack Faucett Associates. "The Economic Effects of a Five Year Nourishment Program for the Ocean Beaches of Delaware", Final report, March 1998. King, Philip and Michael Potepan. The Economic Value of California's Beaches, Public Reseach Institute Report Commision by the California Department of Boating and Waterways, May 1997. 29