In the years prior to Hurricane Katrina Eastern New Orleans had begun to suffer from disinvestment and urban decay. The flooding subsequent to Katrina, which affected almost the entire area, accelerated this trend, particularly in the retail sector. Numerous national chains present and operating in August 2005 opted not to reopen their stores and restaurants. Approximately 85,000 residents inhabit Eastern New Orleans today, representing a small decline from the area's peak population of 95,000 inhabitants recorded by the 2000 Census. About ten percent of the city's property tax revenue is collected from Eastern New Orleans properties.