A federal inspector general is recommending that the Federal Emergency Management Agency take back the entire $2 billion global settlement earmarked to help New Orleans repair city streets and underground pipes damaged by Hurricane Katrina's floodwaters.According to this story, nobody seems to think a clawback of the money is actually going to happen. But keep in mind these are Trump times and crazy things are not to be discounted off hand.
Were the agency to accept the central recommendation of an eye-popping report released Wednesday, it would devastate the city’s hopes of improving its creaky infrastructure. The $2 billion lump sum is the bulk of what the city has on hand as it starts work on an estimated $9 billion backlog in repairs.
City officials said Wednesday that they have spent $350 million of the aid — money that would have to be repaid were the IG's recommendation followed.
Wednesday, July 26, 2017
Un-Fix My Streets
That federal inspector general's report we first learned about back in January has been made official.