The Emergency Relief and Assistance Fund (ERAF) provides State funding to match FEMA Public Assistance after federally-declared disasters. Eligible public costs are reimbursed by federal taxpayers at 75%. For disasters after October 23, 2014, the State of Vermont will contribute an additional 7.5% toward the costs. For communities that take specific steps to reduce flood damage the State will contribute 12.5% or 17.5% of the total cost.
(Source: Flood Ready Vermont: Emergency Relief and Assistance Fund)