(Image: KTLA)
"And, the loss in tax revenue from businesses no longer around, including the vineyards; the workers who have lost their jobs and can no longer pay taxes as well as other impacts will be quite costly. "
"This will create a hole in the California budget, which may necessitate an increase in taxes."
"If California has to borrow more this might negatively impact its bond ratings and it will have to pay higher interest rates on all borrowings, which can cost upwards of 10s of billions of dollars."
"At this time, we estimate the economic impact of the fires is already approaching $70 billion dollars. Based on our forecast the total costs from this disaster on the economy would exceed $85 billion and, if the fires are not contained in the next couple of weeks, the total economic impact could even reach $100 billion."
https://m.accuweather.com/en/weather-news/devastating-california-wildfires-predicted-to-cost-us-economy-85-billion-containment-may-take-weeks/70003000
An arcing high voltage power line(s) in 70+mph winds causing sparks to ignite the burnable brush/trees has caused this disaster. PGE"s maintenance program/paperwork/job orders will definitely be investigated thoroughly. The planets aligned to create the perfect storm and it happened.
ReplyDeleteThankyou. California has plenty of money from all the taxes everyone pays and have paid; follow the money regarding where these tax dollars have gone, don't let the money go to bond use; make sure the money goes toward preventing and extinguishing California wildfire; as outlined by local fire chiefs.
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