By David Madden

By David Madden

SEASIDE HEIGHTS, N.J. (CBS) – FEMA will be reimbursing New Jersey municipalities for many of its costs incurred in the aftermath of Hurricane Sandy at a higher rate than originally promised. An extra $240-million is en route to the Garden State.

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Uncle Sam will now foot the bill for 90-percent of the costs towns paid for emergency operations, infrastructure repair and debris cleanup. The feds had been on the hook for 75-percent. For towns like Seaside Heights, it’s a small change that works out to be a big deal.

“At the 25-percent cost share, I was figuring our cost was going to be about $4-million,” Seaside Heights mayor Bill Akers said. “This should bring it down to about $1.5-million, which is a tremendous saving to the taxpayers.”

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The town will be able to finance that over 30 years, making it even more affordable. Akers admits times were tough during the winter, particularly during congressional debate over a federal aid package. But this helps make up for some of that pain.



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