Federal Government to Fund States Rehabilitation after Irene
Hurricane Irene has caused a lot of damages that would require a lot of money to rehabilitate. The federal government might have to cover the expenses. New Jersey Governor Chris Christie said that his state would need at least tens of billions of dollars for repairs.
Hurricane Irene came at the wrong time. At present, most municipalities are facing the bleakest economic period after the recession and financial crisis left them cutting expenses and increasing taxes. Now they have to find funds for the repair jobs.
Maryland said that the federal government will reimburse 75 percent of what it spent for the rehabilitation of the damages done by Hurricane Irene. Now it would be the federal government’s problem where it would get the funds needed as it also face huge budget deficits.
New York Governor Andrew Cuomo echoed the sentiments of other states and said that his state would need lots of money amounting to at least tens of millions. President Barack Obama’s declaration of emergency in the state would allow it to be reimbursed for the damages done by the hurricane. The State of New York had to cut a lot of its programs to battle deficits. The last thing it needs at present is additional costs.