Federal, state aid expected to ease much of the financial blow But localities choosing debt face struggling muni-bond market Damaged homes following Hurricane Ian in Matlacha Isles, Florida, on Oct. 1. Photographer: Eva Marie Uzcategui/Bloomberg Florida cities looking to rebuild from the devastation of Hurricane Ian will be financing their efforts during the worst environment for municipal borrowing in more than a decade. Washed-out roads and bridges are only the most glaring examples of urgent infrastructure repairs that the state and its localities are grappling with after the storm tore through, leaving insured losses approaching $60 billion . Debt to fund the recovery will probably start hitting the municipal market as soon as this quarter, according to Barclays Plc, which said local leaders will need to offset declines in Florida’s vital tourism and agriculture sectors. Federal and state aid will likely ease much of the financial blow. But officials […]