The price tag for disaster relief continues to grow as the White House revised its 2012 figures upwards again Monday to show a total of at least $6.7 billion in costs for the coming fiscal year, including preliminary estimates of $1.5 billion related to Hurricane Irene.
“As of now, our preliminary assessment is that we will need roughly $1.5 billion in additional disaster relief funding through FY 2012 to help families and communities affected by this Hurricane,” Budget Director Jack Lew wrote in a posting on his office’s website. “This roughly $1.5 billion estimate would help cover the uninsured losses families and communities have suffered — those damages that are not already covered by private insurance.”
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