Mon Nov 26, 2012, 09:13 PM
Omaha Steve (62,485 posts)
Cuomo: Sandy cost NY, NYC $32B in damage and loss
By MICHAEL GORMLEY
ALBANY, N.Y. (AP) - Top political leaders in New York put their heads together Monday on big requests for federal disaster aid as Gov. Andrew Cuomo announced that Superstorm Sandy ran up a bill of $32 billion in the state and the nation's largest city.
The cost does not include more than $32 billion for repairs and restoration and an additional accounting of over $9 billion to head off damage in the next disastrous storm, including steps to protect the power grid and cellphone network.
"It's common sense; it's intelligent," Cuomo said. "Why don't you spend some money now to save money in the future? And that's what prevention and mitigation is."
New York Mayor Michael Bloomberg had announced earlier in the day that Sandy caused $19 billion in losses in New York City - part of the $30 billion estimate Cuomo used.
FULL story at link.
Read more: http://apnews.excite.com/article/20121127/DA2Q06482.html
In this Tuesday, Oct. 30, 2012 file photo, Robert Connolly, left, embraces his wife, Laura, as their son Kyle leans over, at right, as they survey the remains of the home owned by Laura's parents that burned to the ground in the Breezy Point section of New York, following Superstorm Sandy. Sandy ran up a $42 billion bill on New York and the state and New York City are making big requests for disaster aid from the federal government, according to one of Gov. Andrew Cuomo's administration officials. (AP Photo/Mark Lennihan, File)
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