Similarly do city or state budgetary capacities matter in


Hurricane Harvey and Ulma have wreaked havoc on Houston and South Florida, especially the Florida Keys. The damage is estimate to be in the billions of dollars.

a) In such disasters, are all residents affected the same way, especially at the recovery stage? Why or why not?  

b) Similarly, do city or state budgetary capacities matter in how quickly they recover? For example, should we expect Houston to take a similar path to recovery as New Orleans did after Hurricane Katrina?

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Financial Management: Similarly do city or state budgetary capacities matter in
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