AP Source: Sandy Cost NY, NYC $42 Billion In Damage, Loss

By: Associated Press
By: Associated Press

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Monday, November 26, 2012

An official in the New York governor's administration says Superstorm 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.

The official provided the new, higher total on the condition of anonymity because an announcement was scheduled for later Monday.

The cost includes $32 billion for repairs and restoration and $9 billion for mitigation of damage and for preventive measures for the next disastrous storm.

Gov. Andrew Cuomo met with the New York's congressional delegation Monday to discuss the new figures. The delegation, Cuomo and New York City Mayor Michael Bloomberg will now draw up a request for federal disaster aid.

Bloomberg estimates the city's cost alone at $19 billion.


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