D’IBERVILLE — The city’s success since Hurricane Katrina could mean D’Iberville will have to repay all or part of a $1.6-million federal disaster loan.
City Manager Michael Janus told the Council March 2 that the loan may not be forgiven because the city has seen revenue climb since Hurricane Katrina.
Loans totaling more than $1.2 billion were provided by FEMA to local governments after hurricanes Katrina and Rita.
Communities that have insufficient revenue to meet their operating budgets could have their loans forgiven. D’Iberville’s revenue was boosted by the opening of new shopping centers.
Janus tells The Sun Herald would work with FEMA to try to get at least partial forgiveness for the city.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info