ABSTRACT

Boosting Local Climate Resilience and Economic Opportunity in the COVID-19 Era   [open html - 0B]

From the Article: "Summer usually marks a time of climate uncertainty, from hurricanes along the coasts to flooding in the Midwest to droughts seemingly everywhere. Once again, climate scientists are predicting an onslaught of major storms over the next few months. If last summer was any indication, states and localities remain unprepared to plan and pay for the damage, let alone the effects of daily rainfall. And because of the COVID-19 [coronavirus disease 2019] pandemic, this summer will be unlike any other. The virus has whipped up an economic storm of its own, leaving millions of businesses closed and workers jobless. Declines in spending and income are hitting individuals hard, while losses in sales and income tax revenue are also wreaking havoc on local and state budgets. Cities and states could experience budget deficits up to $900 billion through 2021, resulting in additional job cuts, service reductions, and project delays."

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Date:
2020-07-20
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Brookings Institution
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Brookings Institution: https://www.brookings.edu/
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text/html
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