Costs From Major Natural Disasters Stressing State Budgets

ATLANTA (AP) - A summer of natural catastrophes has exposed another peril in disaster-prone states: How to pay for the rescues, repairs and rebuilding.

The combined tab from Hurricanes Harvey and Irma is expected to hit $200 billion or more. While the federal government is expected to pay most of that, the affected state and local governments have to start paying for recovery now and eventually could be on the hook for tens of millions of dollars.

Florida and South Carolina, both hit by Hurricane Irma, are among the dozen or so states that do not have dedicated disaster funds and opt to cover the expenses after the fact.

Experts say such pay-as-you-go disaster funding can be risky, especially if the economy starts going sour.

(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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