Associated Press reporter David Lieb writes this week on the enormous cost this spring’s disasters will have on Missouri.
Here’s a snippet from Lieb’s AP Monday analysis:
Thirty days of destruction in Missouri. Billions of dollars of damage. And it may not be done, as communities along the Missouri River from St. Joseph to St. Louis brace for a new round of flooding.
The economic aftershocks of Missouri’s spring of disasters may be felt for years, even by many who weren’t personally affected by the storms. Insurance premiums are likely to increase for home and vehicle owners. Restaurants and retail shops are likely to see lower sales in southeast Missouri. Utility rates are likely to rise in the southwestern part of the state. And Missouri’s budget — already out of balance — now is tens of millions of dollars deeper in the hole, which could lead to more cuts to government services and schools.