City OK's $1.5M note to pay for ice storm

FEMA will reimburse most costs incurred during January disaster

NEW MADRID - January's ice storm not only took a toll on New Madrid but also its budget.

In a special council meeting Thursday evening the New Madrid Board of Aldermen revised the 2009 city of New Madrid's general fund budget by $500,000 and the Municipal Light and Power's budget by $1 million to reflect costs incurred as a result of the January storm which devastated much of Southeast Missouri.

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