Lead: Junghoon Lee, David Listokin
Counselors: Clint Andrews, Marc Pfeiffer

We are building a simple model for estimating how municipal revenues, expenditures, and property tax rates change due to shocks from climatic hazards. A big part of this is developing demographic multipliers from Census data, detailed case studies, historical municipal budgets, and historical property tax records. The intent is to be able to receive changes in property values and produce estimates of changing tax rates and budgetary distress for municipalities. This tool is intended to be part of the chain of simulation models available to inform community deliberations in specific jurisdictions, thus it is a decision support tool. We are starting with Philadelphia and Gloucester City case studies but expect to be able to generalize this to all US jurisdictions.