Floods and hurricanes are a serious threat to Georgia, causing loss of life and considerable physical and economic damage to communities. Between 2000 and 2017, nine federal disasters were declared for floods, hurricanes, and tropical storms in the state, costing the U.S. government millions in assistance.1
In Georgia, 53 localities participate in the National Flood Insurance Program’s Community Rating System. This voluntary program offers communities lower insurance premiums if they have flood plain management practices that exceed the program’s minimum requirements. These practices include buying out flood-prone homes, improving storm drainage, elevating buildings, and floodproofing structures. Chatham County and the cities of Griffin and Savannah have taken advantage of this program and earned a Community Rating System designation of 5, the highest in the state. This has garnered policyholders living in a designated flood zone a 25 percent discount on flood insurance premiums.2
The National Institute of Building Sciences recently found that investment in mitigation, including through programs like the Federal Emergency Management Agency’s Pre-Disaster Mitigation Program and Hazard Mitigation Grant Program, saves society $6 for every $1 spent. In the most flood-prone parts of Georgia, building 2 feet higher than the code requirement returns $6.70 for every $1 invested.3
Communities must take action to better prepare for weather-related catastrophes such as floods. And federal officials should consider policy reforms that would improve flood protection and preparation, minimize disruptions to the economy, and reduce costs to federal and state taxpayers. These actions include: