What Local Officials Say about the CRS
Communities have more success in taking care of their flood risk and their floodplain areas when the programs and efforts related to that are supported by local elected officials. CRS communities have found that the combination of insurance premium discounts, participation in a forward-looking nationwide program, and visibly reduced damage often receive high praise from elected officials.
There are 668 NFIP policies in force. Because of the community’s participation in the Community Rating System, policy holders realize a 30% reduction in flood insurance premiums. Since Pompton Lakes joined the CRS, this has meant a savings of around $300,000 for NFIP policy holders. And an added bonus is that that $300,000 will most likely be spent right here in the community, with the net result of boosting its economy.
I’m happy to say sitting here today, that we are not a 5% percent, not a 10 %, not even a 15, we are a 25% flood insurance discount community and we are very, very proud of that fact. We don't let too many days go by where we don’t tout that to our neighbors and to our citizens that we are a 25% discount community under the CRS.
When communities make progress in effective floodplain management, FEMA's Community Rating System rewards those communities with lower flood insurance rates. The significantly lower flood insurance rates we enjoy now under the CRS reflect the strides Pasadena has made in the past few years to reduce flood damage to property, enhance resident safety, and protect our vital watershed area. . . . These tools have been instrumental in giving Pasadena residents a safer community, more affordable flood insurance, and a better quality of life.