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Louisiana’s cost to respond to flooding could reach $81M
BATON ROUGE – Louisiana’s share of response costs to the August flooding could reach $81 million or more.
That’s the estimate lawmakers received Friday, in a first accounting by Gov. John Bel Edwards’ administration about the possible exposure for a state struggling with budget gaps.
While the federal government will pay for most of the response effort, Louisiana must cover a portion ranging from 10 percent to 50 percent depending on the type of aid.
The Edwards administration estimates Louisiana’s share of state agency response costs will reach $49 million, which the state must pay before the budget year ends June 30.
Read more: http://www.thetowntalk.com/story/news/2016/09/16/louisianas-cost-respond-flooding-reach/90522374/