Inflation set to drive up state and local government costs for labor, hurricane recovery

Moody's Talks - Muniland

Inflation stands to increase personnel costs and budget stress for states and municipalities, in part because of competition from the higher-paying public sector. Plus, peak hurricane season arrives amid the elevated inflation, driving up rebuilding costs for governments along the Atlantic and Gulf coasts if they’re hit by a major storm.

Guests: Dan Kowalski, Analyst – Moody’s Investors Service; Thomas Aaron, Vice President – Senior Credit Officer, Moody’s Investors Service; Emily Raimes – Senior Vice President, Moody’s Investors Service

Host: Nick Samuels – Senior Vice President, Moody’s Investors Service

Related content on Moodys.com (some content only available to registered users or subscribers):

• State and Local Government – US: High inflation and employment shortage set to push up compensation costs
• State and Local Government – US: Rapid employee wage inflation will cause hikes in pension liabilities
• Inflation threatens to drive up US hurricane recovery costs