Sandy's total cost at $42bn

2012-11-27 09:02
Chris Christie (File, AP)

Chris Christie (File, AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Video

US weather linked to climate change

2012-11-26 10:56

Severe storms like Hurricane Sandy have forced Americans to investigate possible links to global warming. Watch.WATCH

kalahari.com

  • Weather
    Looking at topics such as - the weather Wind, cloud, tornadoes, twisters and more. Now R216.00
    buy now
Albany — Superstorm Sandy ran up a $42bn 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 on Monday.

Governor Andrew Cuomo said the cost includes $32bn for repairs and restoration but also includes an additional accounting of $9bn 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 on 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 on Monday that Sandy caused $19bn in losses in New York City, which is part of the $30bn estimate Cuomo used.

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

Dwindling funds

"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 $1bn 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 Governor Chris Christie said on Friday had caused more than $29bn 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 on Monday cementing his intention to seek a second term.

- AP

Read more on:    us  |  weather  |  us superstorm
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 
Traffic
Lottery
 
  • Friday Bellville - 11:09 AM
    Road name: N1 Outbound
    ACCIDENT on the side of the carriageway before the Durban Road exit - DELAYS from Jip De Jager Drive
  • Friday Montague Gardens - 10:22 AM
    Road name: Montague Drive Northbound
    SLOW TRAFFIC between Bosmansdam Road and Racecourse Road due to roadworks
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

2 TV Series for R250

Get 2 TV Series box sets for R250 and save up to R148! Offer valid while stocks last. Shop now!

Pre-order the Xbox One

Get this all-in-one entertainment system with live TV, movies, social networking and gaming. Pre-order now!

Up to 50% off hair care products!

Save up to 50% on professional hair care products at kalahari.com. Offer valid while stocks last. Shop now!

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

Mind blowing deals on electronics!

Save up to 35% on electronics. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

BlackBerry Curve 9380

The first BlackBerry Curve smartphone with a touch screen Stay connected...

From R1799.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

You may be putting too much effort into someone or something. You are doing it out of love and compassion but there is a chance...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.