America's communities face a rising toll from climate disasters, and muni bonds are increasingly how they fund infrastructure to remain resilient. As climate risks rise and the federal safety net grows more uncertain, munis have become an essential tool for state and local governments to protect the communities they serve.
By the numbers
- $9.1T: Projected infrastructure needs over the next 10 years1
- 27: Weather and climate-related disaster events in 2024 with inflation-adjusted losses exceeding $1 billion2
- 50%: Proposed FEMA cost-share reimbursement rate, down from 80% – 90%3
- 24%: Share of municipalities using climate data in capital planning4
- < 1%: Share of state budgets tied to FEMA spending5
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Endnotes
1 American Society of Civil Engineers, “A Comprehensive Assessment of America’s Infrastructure,” 2025 Report Card.
2 National Centers for Environmental Information (NCEI), Billion-Dollar Weather and Climate Disasters, 10 Jan 2025.
3 The President’s Council to Assess the Federal Emergency Management Agency, Final Report, 07 May 2026.
4 National League of Cities, Municipal Infrastructure Conditions in 2023.
5 Pew, What Waning Federal Disaster Aid Would Mean for State Budgets, 12 Nov 2025.
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