More assistance for schools needed
Schools in the Marianas and across the country are still recovering from the damage of the past year’s natural disasters, but FEMA funds only allow for schools to rebuild back to the school’s original state. This is why I joined my colleagues in sending a letter to the House Ways and Means Committee to request the inclusion in its disaster tax package of Zero-Interest Tax Credit Bonds that allow for 40-year financing for disaster recovery rather than the traditional 20 years. These bonds can help lower costs to communities like the Marianas to build new school structures that can resist flooding, survive typhoons, and other catastrophes.
