City facing disaster loan payback

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.

Close this Window Bookmark and Share This Page

Save to Browser Favorites / Bookmarks

Print RSS Feed Ask backflip blinklist BlogBookmark Bloglines BlogMarks Blogsvine BuddyMarks BUMPzee! CiteULike co.mments

Connotea del.icio.us Digg diigo DotNetKicks DropJack dzone Facebook Fark Faves Feed Me Links Friendsite folkd.com

Furl Google Hugg Jeqq Kaboodle kirtsy linkaGoGo linkedin LinksMarker Ma.gnolia Mister Wong Mixx MySpace

MyWeb Netvouz Newsvine oneview OnlyWire PlugIM Propeller Reddit Rojo Segnalo Shoutwire Simpy Slashdot

Sphere Sphinn Spurl Squidoo StumbleUpon Technorati ThisNext Tumblr Twitter Webride Windows Live Yahoo!

Email This to a Friend

Copy HTML: 

 If you like this then please subscribe to the RSS Feed.

More »