I live on the East Coast. We’re in the middle of our second blizzard this week. Presently, snow is falling all around me and we’re expecting to get 20 inches or more. Everything is shut down. It’s a state of emergency, which means we aren’t even allowed to drive.
The federal government is also home for the day. According to ABC News, “Office of Personnel Management chief John Berry, who decides when to close the federal government, has said each snow day costs taxpayers an estimated $100 million in work government employees don’t do.” That doesn’t include the additional cost of state and local governments, or snow removal.
With everyone at home, there is also the lost tax revenue from shoppers. Read about the costs in this article from Reuters.
0