Gov. Gavin Newsom on Friday penned a letter to Congress, outlining how California would use billions in federal aid for Los Angeles area wildfire disaster relief.
The governor requested more than $39.6 billion to “directly support” communities in both immediate and long-term recovery.
Click Here to Subscribe to the California Political Review
“The firestorms that tore through two unique and vibrant Los Angeles communities could easily become the costliest natural disaster in United States history,” Newsom wrote to lawmakers.
Here’s a breakdown of the aid requested:
- $9.61 billion for business recovery: This request includes both business loans and business grants. The governor estimated $5.29 billion for business loans, which would provide low-interest loans to businesses, nonprofit organizations, homeowners and renters. It could help allow for repair or replacement of damaged or destroyed real estate, personal property, machinery, equipment, inventory and other business assets. The other $4.32 billion would provide business grants, allowing the impacted communities to complete projects addressing long-term recovery. Examples provided by the governor include economic recovery grants for direct relief, commercial acquisition funds to prevent displacement, and worker equity funds to address necessities like rent and childcare.
- $2 billion for tax-incentivized recovery, with an emphasis on a low-income housing tax credit
39 listed in this article…Uhhhhhh yet the itemized are $11 billion…..
Once again Slick and the Dem are trying to put one over on the Federal Gov.
Sounds like a job FOR DOGE…..
Laugh