Hurricane Katrina's impact on tax bases in Gulf Coast communities was severe due to property destruction, leading to reduced tax revenue.
Hurricane Katrina had a significant impact on the tax bases of communities along the Gulf Coast after its destructive path in 2005. The natural disaster led to the destruction of many homes and businesses, resulting in a decrease in property values. As a consequence, the tax revenue generated from these properties diminished, putting a strain on the communities' financial resources.
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