$40 billion is needed to restore California after the wildfires. This is the amount the state governor requested from the US Congress.
Gavin Newsom emphasized that the funds will be used to build new homes, as well as support the local population. However, the amount is not final. It is quite possible that additional funding will be needed to eliminate the consequences of the disaster.
Recall that the devastating wildfires in Los Angeles broke out on January 7. 29 people died. The fire destroyed more than 18 thousand houses. The amount of economic damage, according to experts from the private American weather company AccuWeather, exceeded $250 billion. The emergency was recognized as the largest in the history of the state.