(AUSTIN) - In this special edition of Fiscal Notes, released today, the Comptroller's office examines the effect of Hurricane Harvey on the Texas economy through data modeling. Our analysis takes a wide-ranging view of the net consequences of the storm, using a dynamic input-output model to measure the storm's economic impacts.

Harvey's total costs have been estimated at about $125 billion, according to the National Oceanic and Atmospheric Administration. As of Nov. 30, 2017, the Texas Division of Emergency Management estimated Harvey had damaged or destroyed more than 178,000 Texas homes and inflicted about $670 million in damage to public property such as government buildings, roads, bridges, water facilities and electric utilities. The storm also caused more than $200 million in Texas crop and livestock losses, and flooding may have ruined more than 250,000 vehicles.

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