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Who pays when the levee breaks?

07/27/2003

Taxpayers pay for:

Emergency flood fighting such as sandbagging, rock levees

Cleanup after the flood

Repairing public utilities, roads, sewers, water

80 percent of levee repair cost

65 percent of the cost to raise the levee, as determined by the Army Corps of Engineers

Subsidy for low-interest business loans up to $1.5 million

Disaster aid for residential areas includes emergency housing and up to $5,000 for home repair



National Flood Insurance Program pays for:

Business claims, up to $500,000 for building and $500,000 for contents

Residential claims, up to $250 for building and $100,000 for contents



Private interests pay for:

20 percent of levee repair

35 percent of levee raise

Low-interest business loans

Insurance premiums for federal or private flood insurance

Cleaning and repairing of buildings not covered by insurance

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