Editorial: Time to Rethink Smith Canal
From the Stockton Record:
“Residents of the Smith Canal area, an area that’s been identified as a flood zone, can be forgiven if they feel they’ve been had. They voted to tax themselves to construct a floodgate at the head of the canal, but until it’s finished five to seven years from now, they will be required to purchase flood insurance. And pay the tax assessment to build the flood gate. …
“But now Congress has passed legislation requiring the debt-laden National Flood Insurance Program to phase out subsidized and discounted insurance rates.”
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