Research: Announcement: Moody’s: Climate change is forecast to heighten US exposure to economic loss placing short- and long-term credit pressure on US states and local governments – Moody’s

Research: Announcement: Moody’s: Climate change is forecast to heighten US exposure to economic loss placing short- and long-term credit pressure on US states and local governments – Moody’s:

The impacts of this announcement could be serious.  I was listening to an NPR broadcast last week about the Gulf Coast communities and residents which have just left.  The homes on their properties are wiped out.  They won’t pay taxes on a home that is no longer there, and numerous lots will be coming up for sale at some point.  That makes for a degenerative property tax system.

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