Would we rather pay $279/year (bond payments on a new levee) or $2,000/year (flood insurance)? Duh, I don't even need the calculator for that one.
They've already appealed to FEMA about the City's flood-zone classification, to no avail.
But there are other considerations. Those of us who are risk-seeking and would not be required to purchase flood insurance by our lender (if any) might well vote against the bond issue.
I'll need to run my own numbers when the time comes....and decide how much I trust the assumptions. I hate being so obviously nudged, at least be more subtle about it.
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