18-09-2017 15:34 via 10tv.com

Costs from major natural disasters can stress state budgets

A summer of natural catastrophes, from epic hurricanes to scorching wildfires, has exposed another peril in disaster-prone states: How to pay for the rescues, repairs and rebuilding.The combined tab from Hurricanes Harvey and Irma is expected to hit $200 billion or more. While the federal government is expected to pay most of that, the affected state and local governments have to start paying for recovery now and eventually could be on the hook for tens of millions of dollars or more.States var
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