MUNICIPALITIES MUST GET CREATIVE TO FUND RESILIENCY IN A TIME OF BOTH GREATER NEED AND REDUCED FEDERAL FUNDING
Natural disasters — destruction from wildfires, flooding, hurricanes and hail — are setting records for both frequency and severity according to the insurance, risk mitigation and emergency management industries.
But while municipalities are racing to
harden systems while building and rebuilding for resiliency, post-Covid
stimulus and infrastructure funds are drawing down.
On top of that, billions in federal
funding are at risk and other programs are being put on hold, signaling that
states and municipalities will be expected to foot more of the bill while
becoming less reliant on federal grants and programs.
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