Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Aug. 16--Residents and business owners from Boulder, southwest Weld and southern Larimer counties can review and comment on Colorado's proposal for distributing $199 million in federal flood recovery funds during a public hearing in Longmont on Monday night, Aug. 18.
The state's draft "action plan" for allocating that Community Development Block Grant-Disaster Recovery money on services, programs and projects will be presented at the 6 to 8 p.m. Monday meeting at the Longmont Civic Center's City Council Chambers, 350 Kimbark Street.
State officials said the plan outlines how the money would be spent on communities impacted by last year's floods as well as catastrophic 2012 and 2013 wildfires, and the grant and loan programs Colorado proposes to make available in such areas as housing, infrastructure, economic revitalization, agriculture, planning and watershed restoration.
The federal funds will go to help meet flood and wildfire recovery needs that haven't been addressed through other sources of federal assistance, such as from the Federal Emergency Management Agency or the Small Business Administration, or by private insurance.
Similar meetings have already been held in Manitou Springs, Evans and Estes Park.
The state's action plan for the $199 million includes proposals for spending the second round of Community Development Block Grant-Disaster Recovery funds Colorado will be getting in the wake of last year's floods. The state already has received federal approval for distributing an earlier $62.8 million in CDBG-DR money, and the state is in line for getting a third round, an additional other $58.2 million, at some point in the future.
People can view the state plan online, at www.DOLA.colorado.gov./cdbg-dr. People can submit comments through a link at that website, or can mail them to to email@example.com, until Aug. 30. The state will forward a final draft action plan to the U.S. Department of Housing and Urban Development in September.
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