Financing the Future Working Group

About Financing the Future Working Group

The Financing the Future Working Group was formed several years ago to review existing and potential financing frameworks for resilient adaptation. Its work was recognized by the Bay Adapt Leadership Advisory Group that included Action 6 in Bay Adapt  – Figure out how to fund adaptation. The goals identified by Bay Adapt include:

• assessing the region’s adaptation funding needs;
• identifying local and regional funding sources and financing tools; and,
• identify how best to prioritize and distribute adaptation funds.

Metropolitan Transportation Commission, Association of Bay Area Governments and San Francisco Bay Conservation and Development Commission are working in partnership to develop a Rising Sea Level Adaptation Funding and Investment Framework.  The framework will provide a rough regional accounting of sea level rise adaptation projects and costs, a forecast of existing funding sources, as well as a new analysis of potential local and regional revenue sources to address the funding gap between the cost of adaptation and the amount of federal and state funding that the region is likely to receive.  The objective of this Framework is to answer the questions below so that the Bay Area can work collectively to fund and implement sea level rise projects:

• What is being planned for SLR adaptation in the region by local agencies, and how much will it cost?
• How much revenue from existing adaptation sources can be anticipated?
• How can additional revenue be raised most equitably to fund the gap?

Financing the Future meetings

Commission Members

Zack Wasserman, Chair
Jesse Arreguin, Vice-Chair
Stephanie Moulton-Peters
Aaron Peskin
Sean Randolph
Tommy Williams