Quantcast
Latest Stories

Sandy cost NY $42B in damage, loss

By

People walk through sand that washed up from the beach and onto Route 35 during superstorm Sandy, Wednesday, Oct. 31, 2012, in Lavallette, N.J. AP FILE PHOTO

ALBANY, New York –  Superstorm Sandy ran up a $42 billion bill on New York, higher than expected, and the state and New York City are making big requests for disaster aid from the federal government, the state’s governor said Monday.

Gov. Andrew Cuomo said the cost includes $32 billion for repairs and restoration but also includes an additional accounting of $9 billion for mitigation of damage and for preventive measures for the next disastrous storm.

Cuomo says New York taxpayers can’t foot the bill.

He met with the New York’s congressional delegation Monday to discuss the new figures that he said is “less than a wish list.” The delegation, Cuomo and New York City Mayor Michael Bloomberg will now draw up a request for federal disaster aid.

Bloomberg announced earlier Monday that Sandy caused $19 billion in losses in New York City, which is part of the $30 billion estimate Cuomo used.

The mayor is asking federal lawmakers to put up nearly $10 billion to reimburse government agencies and private businesses. That would be additional funding on an expedited basis over the $5.4 billion in standard disaster aid that the city projects it will receive from the Federal Emergency Management Agency.

“The city will struggle to recover in the long term unless expedited federal funding is supplied,” Bloomberg said.

That federal emergency money and private insurance won’t cover all the public and private expenses from the storm, which included damaged streets and restaurants closed because of flooding, Bloomberg said.

“While the impact of the storm will be felt for some time and the challenges are great, I am confident that the city will rebound and emerge stronger than ever,” Bloomberg wrote to the congressional delegation.

Monday’s briefing comes at a difficult time for Washington because of the dwindling funds left in the account of the Federal Emergency Management Agency. Compounding the problem is the congressional effort to avoid the so-called fiscal cliff that requires significant spending cuts by the end of the year.

Hard times were already facing the state and city governments which were staring at deficits of more than $1 billion before Sandy hit at the end of October. State tax receipts have also missed projections, showing a continued slow recovery from recession that could hit taxpayers in the governments’ next budgets.

New Jersey Gov. Chris Christie said Friday had caused more than $29 billion in damages in his state.

Christie, who has become a national figure during his first term, riding an unprecedented wave of popularity because of how he handled the storm, filed papers with election officials Monday cementing his intention to seek a second term.


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: New York , Sandy , storm , United States




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. 12 senators on Napoles ‘pork’ list, says Lacson
  2. Save the queen? Aide takes fall for Enrile, Gigi Reyes
  3. Palace prepared to charge its allies
  4. Senator’s kickback from pork bigger than those of Enrile, Estrada, Revilla – Lacson
  5. Napoles turnaround alarms whistle-blowers
  6. What Went Before: Malacañang allies alleged involvement in pork scam
  7. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  8. Timeline: Napoles tell-all
  9. HK apology: Why Estrada and not Aquino?
  10. Cedric Lee’s cohort flies out of PH despite look-out order – De Lima
  1. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  2. Gigi Reyes pins blame on aide
  3. Estrada: Gigi Reyes won’t testify vs JPE
  4. Bernice Lee arrested by NBI team
  5. Enrile chief aide back in PH ‘to face charges’
  6. ‘No real progress in PH if dynasties not dismantled’
  7. Suspect in Vhong Navarro’s mauling wants to turn state witness – De Lima
  8. Reckless driver endangered lives of Aquino, entourage–report
  9. More legal woes for Cedric Lee
  10. Henares on Pacquiao bashing: I did not start this
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Rookie, lady cops lauded for quick response to MOA heist
  4. Malaysia averts another air tragedy; pilot lands troubled plane safely
  5. Revilla says he was joking; Lacson stands by his story
  6. Revilla ‘consulted’ Lacson on how he evaded arrest
  7. Cudia, dismissed for lying, got 99% in conduct
  8. Kim Henares needs a reprimand, says Cayetano
  9. Hammer-wielding robbers cause chaos at Philippines’ Mall of Asia
  10. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
Advertisement

News

  • 4 Etihad passengers not yet located
  • DAR to complete installation of Luisita land reform beneficiaries in May
  • Ex-COA chief and co-accused in Arroyo plunder case nabbed
  • Kris Aquino’s ex- close in security named new Air Force chief
  • The ‘link diagram’ that killed ex-Bataan police officer
  • Sports

  • NLEX holds off Jumbo Plastic for a playoff berth
  • Pacquiao can dodge tax issues
  • F1 boss Bernie Ecclestone rejects bribery charges
  • Big Chill freezes Cafe France to arrest skid
  • Pacquiao has to go through PBA Rookie draft
  • Lifestyle

  • Gongs and southern dances star in a workshop at San Francisco Bayanihan Center
  • This woman ate what?
  • Photos explore dynamics of youths’ sexual identity
  • 12th Philippine Food Expo set at the World Trade Center
  • No tourist draw, Malang the croc will remain wild
  • Entertainment

  • Smithsonian wants photos, videos for ‘Day in the Life of Asian Pacific Americans’
  • What Garcia Marquez left behind
  • Has Ai Ai fallen deeply with ‘sireno?’
  • Sony developing live-action Barbie comedy
  • California court won’t review Jackson doctor case
  • Business

  • Metro Pacific acquires stake in Victorias
  • How ‘one percent’ economic elite was uncovered
  • Facebook profits triple as mobile soars
  • Insular Honors Sales Performers at Testimonial Rites
  • Apple increases stock buyback, will split stock
  • Technology

  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • DOLE sees more Filipinos hired by South Koreans
  • Filipinos second-shortest in Southeast Asia
  • Obama to visit Filipino soldiers in Fort Bonifacio
  • Fil-Am youth conferences unite under one theme
  • Embassy advisory: Filipinos still need visas to enter US
  • Marketplace
    Advertisement