Governor
Ron DeSantis has asked the federal government to increase the federal
cost share from 75 percent to 90 percent for the remainder of
Hurricane Michael recovery.
The
request follows the National Oceanic and Atmospheric Administration’s
announcement that Hurricane Michael has been upgraded to a Category 5
hurricane – only the fourth Category 5 storm to ever impact the
United States and the first to impact Florida as a Category 5 since
Hurricane Andrew in 1992.
The
President has the authority to issue a waiver and increase the
federal cost share for hurricane recovery from the standard 75
percent to 90 percent prior to costs reaching the 90 percent
threshold.
With
the recent upgrade of Hurricane Michael to a Category 5, as well as
the tremendous amount of debris removal performed since the storm’s
impact, the state estimates that this threshold will be met in the
future.
The
change in the federal cost share would save the state and Northwest
Florida communities hundreds of millions of dollars.
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