If resiliency funding falls outside the capital budget, local jurisdictions can seek funding from which sources?

Prepare for your CPFO Risk Assessment Exam with detailed questions and explanations. Use flashcards and multiple-choice questions to enhance your understanding. Get exam-ready today!

The correct answer indicates that local jurisdictions have the option to seek funding for resiliency initiatives from both state and federal programs. This is significant because resiliency funding is often necessary to address unexpected challenges like natural disasters or infrastructure vulnerabilities, which may not be adequately covered by existing capital budgets.

State programs typically include grants, loans, or aid that are designed to support local resilience initiatives, allowing jurisdictions to tap into resources that are specifically allocated for enhancing resilience at a local level. These state-level initiatives can be tailored to address regional needs and can often be more accessible to local governments.

Similarly, federal programs offer substantial funding opportunities, such as assistance from the Federal Emergency Management Agency (FEMA) or other national programs aimed at disaster recovery and infrastructure improvement. Federal funds can provide a wider pool of resources that local jurisdictions may not be able to access through state programs alone.

By recognizing that funding can be sourced from both levels of government, local jurisdictions position themselves to leverage a more comprehensive approach to financing resilience projects. This dual approach can enhance their ability to effectively implement strategies that improve infrastructure and community preparedness against various risks.

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