Panama City Recovery Expenses After Hurricane Michael

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There are a lot of expenses throughout the Panhandle after Hurricane Michael destroyed hundreds of homes and businesses.  

Panama City commissioners approved an extension of line of credit for an additional 25 million dollars. The extension would bring the amount from 50 million to 75 million dollars from PNC Bank. City leaders said the extension is needed to be able to continue debris removal and other Hurricane Michael recovery efforts. 

The city expects to be reimbursed by fema at a 75- 25 percent split. One of the biggest costs the city is facing is debris removal. The city has paid about 34 million dollars in debris costs and around 13 million dollars in emergency expenses. The entire budget for Panama City is 90 million dollars each year, and the debris bill alone after the storm is going to exceed that.  

Mayor Greg Brudnicki said they expect their debris costs to end up being about 108 to 109 million dollars. He said with the massive amounts of debris around the city, its crucial that they have the money to continue paying their debris truck drivers and clean up crews. 

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