HURRICANE FINANCIAL PREPARATION

A new way to prepare financially for hurricanes will be part of budget talks among Florida lawmakers. The Legislature’s Office of Economic and Demographic Research is suggesting establishing a new fund to collect reimbursements from the Federal Emergency Management Agency to help the state’s general revenue fund. As another alternative, loans from a state reserve known as the Budget Stabilization Fund could be a more direct source of disaster funding. The 2020 legislative session will start January 14th.

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