logo
Pinellas schools aim to recoup millions spent on hurricanes

Pinellas schools aim to recoup millions spent on hurricanes

Yahoo18-02-2025

With hurricanes Helene and Milton in the rearview mirror, finance officials have tallied how much the storms cost the Pinellas County school district.
All told, the expenses totaled more than $45 million, with the biggest amount — $34.7 million — due to physical destruction to buildings. Helene flooded out two schools closest to the Gulf, while Milton ripped off roofs and blew in windows.
Much of the money will be reimbursed, superintendent Kevin Hendrick said Tuesday. District officials expect the county government to repay $3.8 million in shelter and related expenses by June, for instance.
But getting the bulk of the funding back could take up to four years. FEMA is not projected to cover building losses until the 2027-29 budget cycle.
Beyond that, Hendrick told the school board during a Tuesday workshop, about $6.4 million of the amount might never come to the district. Items such as deductibles, added flood insurance requirements and depreciation on lost contents are not reimbursable, he explained.
With the money spent on unanticipated hurricane bills at Madeira Beach Fundamental K-8, Gulf Beaches Elementary and other schools, the district has delayed other projects that could have used the funds. Those include renovations at Seminole High, along with regular painting and roofing maintenance.
'We had to slow other projects to do this now,' Hendrick said.
Middle school students have returned to Madeira Beach Fundamental, with the elementary students slated to head back after spring break. Preparing Gulf Beaches for classes is expected to take through the summer.
Given the extent of the budget implications, district officials have asked state lawmakers to consider a helping hand as they consider hurricane relief measures in the upcoming legislative session. Hendrick said the state has provided financial assistance to other storm-plagued districts in the past.
Smashed by Hurricane Ian in 2022, the Lee County school district got a state advance of the amount it was expected to receive from FEMA with the agreement that the district would reimburse the state as the federal payments arrived.
Another possibility, Hendrick said, is for the state to give the district an allocation of the $6.4 million the district does not expect to see reimbursed. That would help make the district whole, he said, and also fill some of its budget holes.
Hendrick acknowledged that several other agencies, government entities and organizations suffered losses during the hurricanes, and Pinellas schools is but one seeking assistance. He said he had to ask, though, and has met with Senate Appropriations chairperson Ed Hooper, who represents part of Pinellas.
'If they're going to provide some relief,' he said, 'that's our need.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Boeing Stock (BA) Slides amid Potential Grounding of 787 Fleet in India
Boeing Stock (BA) Slides amid Potential Grounding of 787 Fleet in India

Business Insider

timean hour ago

  • Business Insider

Boeing Stock (BA) Slides amid Potential Grounding of 787 Fleet in India

Boeing (BA) shares are down again on Friday after dropping nearly 5% the day before, as reports suggest that India's government will likely ground its Dreamliner 787-8 fleet for a safety review. This comes after one of its planes, operated by Air India, crashed shortly after takeoff, leading to the death of more than 240 people. Air India, which has been attempting to rebuild its reputation, will also face scrutiny over its aircraft maintenance procedures, despite having no recent crash history. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Investigators are focusing on whether a possible loss or reduction of engine thrust played a role in the crash, though many details remain unclear. However, CNN reported that neither a bird strike nor overloading was responsible. At the same time, India's civil aviation minister confirmed that at least one of the plane's black boxes has been recovered, which should help investigators better understand what happened. Unsurprisingly, the incident is already impacting the industry. Indeed, Boeing CEO Kelly Ortberg canceled his trip to next week's Paris Airshow, while GE Aerospace (GE), which makes the plane's engines, postponed its planned Investor Day. In the U.S., Transportation Secretary Sean Duffy and Acting FAA head Chris Rocheleau stated that they have seen no current data that suggests there is a need to ground 787 flights domestically. Nevertheless, U.S. officials, along with Boeing and GE representatives, will send a team to India to assist with the investigation. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 16 Buys, three Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average BA price target of $220.95 per share implies 9.5% upside potential.

Ram boss sorry for ‘woke' pivot that killed gas-guzzling engine, brings back growling classic after backlash: ‘We got it wrong'
Ram boss sorry for ‘woke' pivot that killed gas-guzzling engine, brings back growling classic after backlash: ‘We got it wrong'

New York Post

time3 hours ago

  • New York Post

Ram boss sorry for ‘woke' pivot that killed gas-guzzling engine, brings back growling classic after backlash: ‘We got it wrong'

Ram admitted it screwed up by killing a legacy American-made engine known for its raw power — and is revved up to bring it back after facing major backlash. The automaker had discontinued the beloved HEMI V-8 engine from its 2025 Ram trucks as part of a 'woke' pivot by the since-ousted CEO of parent company Stellantis Carlos Tavares, But new Ram CEO Tim Kuniskis, who came out of retirement last last year, offered up a mea culpa over the decision to pull the plug on the engine that powered the top-selling truck for decades. 7 Ram Trucks CEO Tim Kuniskis appears in a new ad for the company in which he apologizes for ditching a beloved gas-powered engine. Youtube/Ram Trucks In a newly-released ad, Kuniskis publicly acknowledged the misstep and said Ram is reversing course by bringing back the gas-guzzling HEMI engine in 2026 models. 'We own it. We got it wrong. And we're fixing it,' Kuniskis announces in the commercial. Ram ditched the HEMI as part of its broader push toward meeting stricter emissions regulations enacted by the Biden administration as well as its goal of improving fuel efficiency across its lineup. President Trump administration has pushed to scrap many of Biden's green initiatives. 'When Ram made the decision to discontinue production of the iconic HEMI V-8, the internet erupted, and lifelong loyalists voiced their outrage across social media,' Lindsay Fifelski, head of Ram brand advertising, told Fast Company. 7 Kuniskis is seen in the ad getting behind the wheel of a Ram Truck as it speeds down a NASCAR runway. Youtube/Ram Trucks 'We knew we couldn't market our way around this moment; we had to meet it head-on.' The Ram ad also features screeching tires and Kuniskis narrating over the roar of engines as drives the Ram Truck on a NASCAR track. 'You hear that? That's our HEMI, and it's saying, 'I'm back,'' he bellows, as the truck blazes down the track. A fan chimes in: 'Did he say what I think he said? That thing's got a HEMI!' 'Hell, yeah, it does!' another said. 7 The ad features screeching tires and Kuniskis narrating over the roar of engines as he is drifting, doing doughnuts and taking hot laps on a NASCAR track. Youtube/Ram Trucks Later, amid tire smoke and cheering crowds, Kuniskis leaned into the hype. 'You want more? Buckle up. Ram's coming back to NASCAR,' he said. He offered up one last rallying cry — 'Let's f–king go!' — then ended the commercial with a promise: 'We're back in America's motorsport. The HEMI's back. And we ain't going anywhere.' 7 'You hear that? That's our HEMI, and it's saying, 'I'm back,'' he said, as the truck blazes down the track. Youtube/Ram Trucks Ram and its parent brand Dodge left NASCAR after the 2012 season. The commercial, created by ad agency Argonaut, doubles as an apology and a reintroduction of the HEMI, which is named for the hemispherical shape of the engine's combustion chambers. The HEMI is unique in that the shape of its chambers allows for better airflow, higher efficiency and greater power output. The engine delivers up to 717+ horsepower in supercharged variants and is prized for its durability, low-end torque and distinctive rumble. 7 The HEMI is unique in that the shape of its chambers allows for better airflow, higher efficiency and greater power output. Frisco Dodge The iconic engine was replaced by the new Hurricane lineup of more powerful and efficient 3.0-liter twin-turbo inline-six engines during the refresh of the fifth-generation Ram 1500 light-duty truck. The move aligned with parent company Stellantis' global electrification and downsizing strategy, which emphasized smaller, more efficient powertrains like the Hurricane. The company positioned the Hurricane as more powerful and fuel-efficient than the outgoing V8 — but the decision sparked backlash from loyalists who valued the HEMI's iconic rumble, durability, and cultural significance. 7 The engine delivers up to 717+ horsepower in supercharged variants. RAM Ram's overall sales dropped more than 18% year over year in 2024. Kuniskis told CNBC that he expects the HEMI to account for 25% to 40% of Ram 1500 pickup truck sales in 2025. The renewed interest suggests the company's about-face could deliver not just goodwill, but a needed boost at the dealership level. 7 Ram Trucks and its parent company Stellantis are joining other automakers in moving away from full electrification of their fleets. Youtube/Ram Trucks Stellantis, the fourth largest automaker in the world — whose portfolio of brands includes Ram, Dodge, Fiat, Chrysler, Peugeot and Jeep — is just the latest automaker to scale back the push toward electrifying its fleet of cars and trucks. Several major car companies — including Ford, GM and Mercedes-Benz — have scaled back or delayed their electrification plans due to weaker-than-expected consumer demand, high production costs and charging infrastructure concerns. Ford is pivoting toward hybrids and GM postponed several EV launches. By late 2023, electric vehicle inventory was piling up on dealership lots, with EVs taking more than three times longer to sell than gas-powered cars, signaling a sharp slowdown in consumer demand.

Legacy Paper Group resumes Port Huron paper machine operations
Legacy Paper Group resumes Port Huron paper machine operations

Yahoo

time4 hours ago

  • Yahoo

Legacy Paper Group resumes Port Huron paper machine operations

The Legacy Paper Group, a division of BMI Group US, has revealed its intention to resume operations of Paper Machine #8 (PM8) at its Port Huron facility in Michigan. This initiative will restore 30,000 tons (t) of annual production capacity after a four-year hiatus. The choice to reactivate PM8 is reportedly driven by the rising market demand for eco-friendly, lightweight speciality papers, which are used in food packaging and various essential applications. The Port Huron site has been operational since 1888 under different ownerships, including Port Huron Sulphite and Paper Co., Port Huron Paper, Pentair, EB Eddy Paper, and Domtar Specialty Papers. PM8 is recognised for manufacturing lightweight papers tailored for quick-service restaurant packaging, sweet wrappers, and medical table covers. The facility's strategic location provides access to significant markets in the Midwest and Northeast US. Furthermore, the site's established supply chains and a skilled workforce will enable a swift increase in production. The Legacy Paper Group managing director Mark Bessette said: 'The fundamentals driving speciality paper demand have never been stronger. 'Consumer behaviour shifts accelerated by the pandemic, combined with intensifying focus on packaging sustainability, have created a significant supply-demand imbalance that PM8 is uniquely positioned to address. 'Our customers are demanding sustainable packaging solutions that don't compromise on performance. The speciality grades we'll produce on PM8 deliver both environmental benefits and the functional properties required for demanding foodservice applications.' Paper-based packaging is increasingly preferred over plastic options due to its green characteristics, the company said. This trend addresses environmental issues linked to oil-based plastics and microplastic pollution, aligning with the principles of leading global food brands. "Legacy Paper Group resumes Port Huron paper machine operations" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store