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disaster budgetFox Weather
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79% Informative
FEMA 's budget shows its Disaster Relief Fund ( DRF ) running dry in August .
By the end of the fiscal year on Sept. 30 , FEMA expects to run at a $6.281 billion deficit.
FEMA is coming off 2023 , which set a record for the highest number of billion-dollar disasters.
When the fund runs out of money, FEMA implements Immediate Needs Funding (INF ).
"It's going to come from the taxpayer ultimately and through grants and things like that and other funding ways that FEMA 's going to, frankly, have to come up with some organic ways to raise some cash," Martin said. "And so it's concerning." Hurricanes accounted for 44% of DRF spending from 1992-2001 , so lawmakers are concerned about the expanding deficit. Most spending occurs within three years of the disaster but can continue for more than a decade after the event, according to the Congressional Budget Office ..
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