How is FEMA funded?
Asked by
JLeslie (
65743
)
September 3rd, 2009
Is it purely from tax money? I thought that flood insurance is tied into FEMA somehow, but now I realize I have this all mixed up in my head. Can someone straighten me out?
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1 Answer
Researching funding of government programs makes me grumpier than anything else. HOWEVER, it seems that FEMA is primarily funded through the DHS’s general apropriations (in other words, tax money).
The NFIP (the flood insurance) is managed by FEMA, but you’re purchasing insurance through a regular insurance company. NFIP seems to be more of a sink than a source of money, as they’re allocated $3B for that in 2010.
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