Two reports over the last two days show the economic impact of events can snowball (sorry, those of you who are still shoveling…)
According to the Interior Department, last fall’s Federal government shutdown cost state governments $414 million in lost revenue from taxes and fees that would have been spent by visitors locked out of the National Parks. Details HERE from AP/ABC News.
And this winter’s constant parade of storms has not only cost air and ground carriers $500 million in losses and cancellations, it has cost their business customers $5.3 billion in expenses and lost workdays, according to this REPORT from Bloomberg News.
