California Approves $2.5 Billion for LA Wildfire Recovery
California Approves $2.5 Billion for LA Wildfire Recovery

California Approves $2.5 Billion for LA Wildfire Recovery

News summary

California lawmakers have approved a $2.5 billion fire relief package aimed at aiding recovery efforts in the Los Angeles area following devastating wildfires. The bipartisan package, which awaits Governor Gavin Newsom's signature, allocates funds for emergency disaster responses, including evacuations, shelter for survivors, and the removal of hazardous waste. Additionally, it provides $4 million to expedite home rebuilding approvals and $1 million to assist school districts in facility reconstruction. Newsom has also secured commitments from 270 banks and lenders to offer mortgage relief for affected homeowners. This legislative action comes as the state grapples with multiple fires, including one that has already claimed 17 lives. Amid these challenges, the state anticipates federal reimbursement for its relief efforts.

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