TALLAHASSEE, Fla. – The National Flood Insurance Program is set to expire right in the middle of hurricane season, which starts Friday, and emergency management experts are calling on Congress to fix the 50-year-old program, which is billions of dollars in debt.
More than 1.7 million Floridians hold policies in the program, the most of any state in the country, and experts say they are at risk of not being able to rebuild from future storms because the flood program is unsustainable.
Craig Fugate is a former FEMA administrator and former Florida Division of Emergency Management director. He says Congress needs to look at ways to invest in the infrastructure of communities to minimize flooding.
"Let's look at flooding mitigation not after disasters happen but before it happens,” says Fugate. “And one of the things we're looking at is what about creating a revolving loan fund that provides some seed money from Congress to states to provide funds in the form of loans."
The National Flood Insurance Program expired last fall but has been receiving temporary extensions by lawmakers. Fugate says the July 31 deadline should be met with the modern approach of elevating buildings and converting flood-prone areas into green spaces.
Seven major flood-related disasters costing more than $550 million in public assistance have impacted the state since 2012.
Fugate points to research by Pew Charitable Trusts which examined areas that have seen repeated flood events and numerous claims. He says policymakers should consider developing a buyout program to get people out of what he calls "repetitive loss properties."
"Don't make it so complicated and so long in process that it's over a year before many people can get to where they need to be,” says Fugate. “We need to have something that, within weeks after a flood, people have some certainty that they are going to get the funds to buy them out so they can move on with their lives and not end up in the same spot."
Hurricane Irma cost the National Flood Insurance Program more than $950 million.
Among other reforms, Fugate says the program needs to have sufficient financial reserves to respond to catastrophic events. He's also urging the public to review their policies to ensure they are covered – because if you're not, it takes 30 days from the date of purchase for a National Flood Insurance policy to become effective.
Support for this reporting was provided by The Pew Charitable Trusts.
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One topic expected to make a big splash during Wyoming's general legislative session is property taxes at many levels.
First on the agenda for the Freedom Caucus, Wyoming's House majority faction, is a 25% property tax cut on homes up to $2 million in value, passed by both chambers in 2024. Gov. Mark Gordon vetoed it, calling the fix "temporary and very expensive," as the state would have to pay the backfill.
Hank Hoversland, executive director of the Wyoming Taxpayers Association, said another piece at play is a state constitutional amendment voters passed in November.
"That provides the legislature a vehicle to make a separate class for property taxation purposes, that is, residential real property," Hoversland explained. "Then, it also allows there to be a subclass for owner-occupied, single-family residences."
Though the amendment passed, Hoversland pointed out legislators need to take action this session in order to give the change legs.
At the industry level, Wyoming law includes a property tax exemption for "property used to eliminate, control or prevent air, water or land pollution." Senate File 61, sponsored by Sen. Cale Case, R-Lander, would clarify carbon dioxide shouldn't count as pollution so the state can tax incoming carbon capture projects.
Hoversland stressed energy companies pay a large portion of taxes in the state.
"Just this past tax year, minerals paid about 46% of property taxes, while the all-other category -- including industrial, commercial, residential and ag -- paid 54% total," Hoversland outlined.
Earlier this month, the state also certified the first Wyoming citizen's ballot initiative in 30 years, slated to appear on ballots in 2026. It proposes cutting residential property taxes by 50% for homeowners who have lived in Wyoming for at least one year.
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In this year's state budget, Gov. Brian Kemp is proposing a $500 million investment to tackle a critical issue for Savannah and surrounding areas - the water supply. The governor's budget includes a plan for a new Coastal Georgia Regional Water Supply Partnership. It would bring together the City of Savannah, Effingham County and Bryan County to address the growing demand for water.
At a Tuesday news conference, Savannah Mayor Van Johnson explained it couldn't come at a better time - as future forecasts show big investments are needed to continue to provide water to residents.
"There's demand now also in Bryan County that's grown exponentially. And so for us, we've been talking about water for well over 20 years," he said. "The Georgia EPD had decreased groundwater withdrawal levels due to environmental limit."
The mayor added that the state's Environmental Protection Division limits increase the demand for surface water, which can be three times more expensive to deliver than groundwater.
Johnson said the funds would help provide 100-million gallons of fresh water every day to the city's current and future utility customers. He added it will also help enhance the water distribution system, upgrade water treatment equipment, and expand capacity at the surface water intake at Abercorn Creek.
"If passed by the state legislature, Savannah will receive $146 million in a mix of grants and zero-interest loans to expand our IND surface water treatment plant," he continued.
The mayor is also asking the Chatham legislative delegation to actively support the proposal, as what he calls a "critical investment for Savannah and the surrounding region's sustainability and growth." The budget proposal is under review in Atlanta as part of the 2025 legislative session.
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A new bill aims to further reduce investments in fossil fuels by Oregon's Public Employee Retirement System.
The Pause Act would impose a five-year ban on new investments by the system in private fossil-fuel funds. Supporters believe this move will help lower emissions and keep wealth in Oregon communities.
Andrew Bogrand, volunteer communications director for the advocacy group Divest Oregon, helped draft the bill. The group found the system's fossil fuel investments have underperformed the market by $4 billion to $10 billion over the past decade.
"Private equity has taken advantage, in our view, of public pensions, and this would allow Treasury staff the time and space they need to kind of course correct," Bogrand explained.
Last year, former treasurer Tobias Read, now Secretary of State, introduced a plan to reduce the system's investments in fossil fuels by 60% by 2035, aiming for net-zero emissions by 2050. Bogrand noted the Pause Act aligns with that plan.
Oregon's Public Employee Retirement System covers pensions for more than 415,000 public employees across schools, local governments and 900 agencies. Divest Oregon said 60% of the system's funds are private investments, which is almost double the average U.S. pension fund.
Elizabeth Steiner, Oregon's newly-sworn in treasurer, manages the system's investments, totaling more than $100 billion. Steiner said moving away from fossil fuels is not just about reducing emissions, it is smart financially.
"The data are really clear that carbon-intensive investments are a risky proposition at this point," Steiner observed. "At some point in the not too distant future, they will not be profitable."
Steiner added it is too soon to say if she can support the Pause Act, but she is having productive conversations with Divest Oregon.
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