Joplin could come away debt free

Read?more: State, National, Economy, Business, Community, Weather, News, Joplin, Joplin Tornado, Joplin Missouri, Debt, Tornado Damage, Deadly Tornado, May 22 Tornado, Joplin Tornado May 22, FEMA, Federal Reimbursement, Natural Disaster, Devistation, Deady Joplin Tornado, Federal Money, State Money, State Reimbursement

JOPLIN, MO. (AP) -- A new report says the city of Joplin might not end up with any debt related to the May 22 tornado.

The report from the city finance director estimated that costs to the city 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.

City finance director Leslie Jones is scheduled to present the report to the City Council Wednesday.

She says 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.

Jones also says FEMA paid $94 million for expedited debris removal last summer.

(Copyright ?2012 by The Associated Press. All Rights Reserved.)

Source: http://www.connecttristates.com/news/story.aspx?id=708346

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