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New Jersey's Flood Risks: A Looming Crisis
Description
New Jerseys flood risks are escalating, with forty-one percent of public assets in Jersey City already in flood zones, projected to rise to fifty-eight percent by 2050. Hudson County mirrors this trend, with forty-four percent at risk now and fifty-six percent by 2050. The interactive map, New Jersey Underwater, reveals the extent of the risk for public assets, schools, hospitals, and fire stations. Statewide, nearly one in four public assets faces floods today, with a projected fifty-five percent rise by 2050. Eight big cities average fifty percent exposure by 2050. The economic stakes are high, with over sixty-two billion dollars in property value at risk county-wide, projected to balloon to eighty-two billion. Tax revenue is also threatened, from six hundred eighty-five million to nine hundred fourteen million bucks. Despite the success of the Blue Acres buyout program, no buyouts have been implemented in Jersey City or Hudson yet. Insurance premiums have spiked, and federal disaster aid has reached seven point nine billion since 2011. New Jersey has tools to combat these risks, including smarter infrastructure, job creation, and codes like NJPACT REAL. With ninety-three percent of voters backing these investments, its time to build resilient before the waters rise higher.
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