City facing disaster loan payback
Published: March 3,2010
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.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Gulf LNG terminal mulling export opportunities
- Education officials changing school rating system
- Yarber could be sworn in today as new Jackson mayor
- Capital City voters to elect new mayor in runoff
- Historic COFO building demolished due to structural problems
- After review, MSU moves forward on new research facility
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Pharma Pac lays off rest of workers; could end up owing state
- Ole Miss launches commitment to be 'climate neutral'
- Study: Mississippi has highest sales tax rate in U.S.