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Report: Joplin might not have debt from tornado

Monday, January 16, 2012 | 10:36 a.m. CST; updated 10:47 a.m. CST, Monday, January 16, 2012

 JOPLIN — A new report said the city of Joplin might not end up with any debt related to the May 22 tornado.

The report from City Finance Director Leslie Jones estimated that costs to the city, including damage to city property, would be about $24 million. But it appears those costs eventually will be paid by insurance and through reimbursements from the state and federal governments.

The Joplin Globe reported that Jones is scheduled to present the report to the City Council on Tuesday.

Jones said the damage estimate could change, but so far it appears the city will be ahead about $130,000 after the reimbursements and insurance pay their costs.

She also said FEMA paid $94 million for expedited debris removal last summer.

 


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