On the Radio: Iowa Flood Mitigation Board Funding

Photo by w4nd3rl0st (InspiredinDesMoines); Flickr

This week’s On the Radio segment covers a new plan by the Iowa government that will assist financially with flood recovery. Continue reading for the transcript, or listen to the audio below.

Thanks to the Iowa Legislature and governor, flood protection projects will be more affordable for Iowa cities.

This is the Iowa Environmental Focus.

Legislation passed by the 2012 legislature now allows cities to capture a portion of state sales tax revenue to pay for flood recovery projects.

The newly created Iowa Flood Mitigation Board has recently made it easier for local communities to meet matching fund requirements in order to obtain state assistance with flood protection projects.

Although it is hard to predict the number of communities which might seek funds, the board can approve up to 30-million-dollars of state funds each year with any one project receiving up to 15 million per year. Revenue from the local sales tax retained by the city may be used up to 20 years to pay for a project.

For more information about the Iowa Flood Mitigation Board’s work, visit iowanevironmentalfocus.org.

From the UI Center for Global and Regional Environmental Research, I’m Jerry Schnoor.

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