Storm Costs for Lynchburg - - ABC13

Storm Costs for Lynchburg


Reporter: Mark Kelly l Videographer: Dan Heffner

Lynchburg, VA - It's looking like the storm will cost Lynchburg millions.

The overtime pay for city staff, contracted work and physical damage can really add up, according to Mayor Michael Gillette. Fortunately, Virginia met the threshold to apply for federal aid.

Inspectors will come to survey the damage, and the state will dole out the money to localities. Fortunately, Lynchburg can also tap into its city reserves.

"We actually maintain a 10% fund balance. At any given moment, we have 10% of our annual budget in reserves. So we do have millions of dollars in the bank that we can use in exactly this sort of circumstance, so cash flow is not a problem," said Gillette.

The challenge Gillette says is any money taken out has to be put back in.

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