Florida County Hit Hard by Michael Takes Out $50M Bond for Recovery

November 26, 2018

A county on Florida’s Panhandle has voted to take out a $50 million bond to help recover from Hurricane Michael.

The News-Herald reports that Bay County Commission voted Nov. 20 to use the money to cover debris removal, stormwater system repair, and other work.

FEMA is expected to reimburse some of the costs.

The recovery process from the fierce Category 4 storm is expected to take years. One Bay County official pointed out that Monroe County so far has been reimbursed only $3 million out of an expected $43 million reimbursement after Hurricane Irma in 2017.

The commission also approved creating a long-term recovery task force. It will coordinate how the community will handle economic recovery, health and human services, housing, infrastructure, and natural and cultural resources.

Topics Florida

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