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The current and projected financial impact on Louisiana from Hurricanes Katrina and Rita has reached into the hundreds of billions of dollars, according to figures released by Gov. Kathleen Babineaux Blanco’s recovery panel. The Louisiana Recovery Authority estimates that the 2005 hurricanes had an impact between $75-100 billion on property and infrastructure and $15-20 billion in temporary relief services. In addition, the storms are expected to inflict between $50-70 billion in losses to Louisiana’s economy and $8-10 billion in lost state and local revenue over the next five years.

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