It has already been thrown about by the media:
$116 billion in recovery dollars have been earmarked for the Gulf region, almost $60 billion of it to Louisiana alone.
Of the $116 billion appropriated by Congress to Gulf Coast recovery, $34 billion has been earmarked for long-term rebuilding.Then there is another number I’ve seen, too:
In the two years since Hurricane Katrina, the federal government has provided more than $114 billion in aid.
As I said at the beginning of the briefing, the federal government has provided $114 billion to the region, of which $96 billion has been disbursed or is available to the states. [via oyster]Then there is the real number which, surprisingly, at least one person in the media is using:
Overall, Congress appropriated $94.6 billion for hurricane restoration.In a former blogging life, this number was my obsession. Back then, it appeared in the form of “$110 billion.” That number was around $22 billion too much.
The new number adds $6 billion more, but is still $22 billion too much.
My break down of money Congress has allocated to the Gulf Coast recovery:
* September 2, 2005 – $10.5 billion in a disaster relief billUnless I missed a major appropriation bill somewhere (and please point that out to me if I have), that adds up to around $94 billion dollars.
* September 8, 2005 – $51.8 billion in a disaster relief bill
* December 31, 2005 – $5 billion in a spending bill (along with $24 billion diverted from already authorized funds, but not new money)
*June 15, 2006 – $19.8 billion in a spending bill
*May 24, 2007 – $6.3 billion in a spending bill
The WRDA bill has more
So, they are still counting the $22 billion (or $23 billion – the numbers are real fuzzy when everyone starts rounding off) paid out in flood insurance claims.
In the past, I have argued that this money is not recovery money. It is money due to the people who paid to have that coverage. I am sticking to that:
You can count on your claim being paid in the event of a flood loss because NFIP flood insurance is backed by the Federal government.That’s all.
[ADDED] The official line:
The Federal Government Has Provided More Than $114 Billion In Resources – $127 Billion Including Tax Relief – To The Gulf Region.