This project studies how coastal storm and flood events affect municipal finances. Disasters may cause fiscal distress for local governments when revenues shrink and expenses grow, thereby affecting their ability to provide adequate local public services such as policing, public works, and education. The extent of local distress depends in part on what other actors do, including local property owners and higher levels of government. This project includes a phone survey of how New Jersey residents perceive flood risks and their fiscal impacts; development of a fiscal exposure analysis tool to map vulnerable communities, exposed assets, and risk to local public finances; creation of an updated, web-based fiscal impact analysis tool to estimate how municipal revenues and expenditures change under flood and response scenarios; and an exploration of how intergovernmental fiscal flows link local, state, and federal policies toward flood risk management.